look news india
New Delhi: If you invest in the stock market and keep an eye on the confirmed earnings from dividend, then this news is very important for you. A great government sector company is going to give strong dividend to its investors on every stock, and today is the last chance to get this dividend.
We are talking about Bamar Laurie Investments Limited. The company has announced the final dividend for its investors and its X-date is tomorrow. So let’s understand in simple language what you have to do and how much you can benefit.
You will get ₹ 4.30 on every stock
Bamar Laurie Investments have decided to pay a final dividend of ₹ 4.30 on every equity share. This is good news for investors, especially for those who invest for long periods and want a share in the company’s profits.
If you want dividends, then why is the ‘last chance’ today?
This is the most important part of this news. The X-date of this dividend is tomorrow.
What is X-Det? In simple words, X-Det is the date after which if you buy shares, you will not get dividends. The company believes that only they are entitled to dividends who buy shares before this date.
So what do you have to do? If you want to get this dividend of ₹ 4.30 per share, then you have to ensure that this company shares are in your demat account before the market is closed today. If you buy shares tomorrow, you will not get this dividend.
The company has also kept a record date for this dividend the next day of X-Det. The record date is the date when the company checks its records which shareholders are entitled to get dividends.
Why is this company special?
Bamar Laurie Investments is a public sector undertaking (PSU) that comes under the Ministry of Petroleum and Natural Gas, Government of India, through its original company Bammer Laurie and Company. Being a government company, many investors consider it a safe and reliable investment.
In short, if you are an investor and want a stable income from dividend, today is a day for you to monitor this stock. But remember, the decision is yours, do well research before investing.