The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company s list by the end of the record date will be eligible to receive dividends
On the buy write, if you earn the dividend, and if MOS closes above $38 at expiration in 44 days, you would earn $2.25 per share on $35.95 at risk, or 6.26%. On an annualized basis, that would be 51.9%.
For the buy write, if you earn the dividend and if Dow closes above $51 on December 1, you would earn $3.05 per share on $48.65 at risk for a total return of 6.27%. Over a 38-day holding period, that would be an annualized return of 60.2%.
The dividend, if declared, will be paid to the equity shareholders of TCS whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on record date.Shares of TCS will likely trade ex-dividend on the day or a day before the record date.
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