Showing posts with label Ex-Dividend. Show all posts
Showing posts with label Ex-Dividend. Show all posts

Wednesday, July 6, 2011

The Difference between Ex-Date and Record Date

Mr. Sharma was very happy as he was supposed to get hefty dividend of Rs.  63 per share for Patni Computer System shares which he purchased on 30/8/2010, the day on which Patni share was 14% cheaper than the previous day; but much to his chagrin Mr. Sharma did not get any dividend !
Why this happened?