Majesco Dividend 2020: Majesco Ltd. Dividend Record Date, History, Payment Date, Payment Date, Payout Date, dividend history, Interim & Final Dividend per share

Majesco Ltd. informed the exchanges on Friday that the company’s Board of Directors has declared the dividend for FY2021.

The board has approved payment of interim dividend of Rs 974/- per equity share of Rs 5/- each fully paid up.

The interim dividend payout will be for an amount of Rs 2,788.4 crore on a shareholder base of 2,85,77,939 shares.

“The board of directors at its meeting held on December 15, 2020, approved payment of interim dividend at the rate of 19,480 percent i.e. Rs 974 per equity share of the face value of Rs 5 each for the financial year 2020-21,” the company said in a BSE filing.

The interim dividend payout will be for an amount of Rs 2,788.4 crore on a shareholder base of 2,85,77,939 shares.

The record date for the dividend is December 25 and the ex-dividend date is December 23. The earliest dividend payout, as per the company, will be on December 30.

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Majesco Dividend Details

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Majesco Dividend History

You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and Special), and Percentage of Dividend given information for Majesco Ltd.

Interim Dividend:

• Declared interim dividend of Rs. 974/- per equity share of face value of Rs. 5/- each for the financial year 2020-21.

• The Company has fixed 25th December 2020 as the “Record Date” for the purpose of payment of Interim Dividend on Equity Shares for the Financial Year 2020-21, if declared by the Board’. The Interim Dividend shall be paid to the Members on 30th December, 2020.

Dividend History for Majesco

Latest Dividends 2020

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Are you Eligible for Dividend?

To determine whether you should get a dividend, you need to look at two important dates. They are the “record date” or “date of record” and the “ex-dividend date” or “ex-date.”

When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend.

Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date.

If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

What’s the Difference Between the Record Date and Ex-Dividend Date?

What Is Record Date?

The record date, or date of record, is the cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend.

The determination of a record date is required to ascertain who exactly a company’s shareholders are as of that date, since shareholders of an actively traded stock are continually changing. The shareholders of record as of the record date will be entitled to receive the dividend or distribution, declared by the company.

What is Ex-Dividend Date?

The ex-dividend date (or ex-date) of a stock is dictated by stock exchange rules and is usually set to be one business day before the record date.

In order for an investor to receive a dividend payment on the listed payment date, they would need to have their stock purchase completed by the ex-dividend date. If the stock sale has not been completed by the ex-dividend date, then the seller on record is the one who receives the dividend for that stock.

Majesco Dividend FAQs