If you've ever wondered "Will I get this dividend?", the answer depends on two critical dates — ex-dividend date and record date. With India’s shift to T+1 settlement (effective January 27, 2023), the rules have changed, and many older guides are now outdated.
In this guide, we break down how these dates work in 2026, how they impact your portfolio, and how to avoid missing dividends.
The ex-dividend date is the first day a stock trades without the right to receive the upcoming dividend.
On the ex-dividend date, the stock price typically adjusts downward by the dividend amount.
Example:
This adjustment reflects that new buyers are no longer eligible for the dividend.
The record date is when the company checks its shareholder list to determine who is eligible to receive the dividend.
Only investors whose names appear in the company’s records on this date will receive the dividend payout.
| Parameter | Ex-Dividend Date | Record Date |
|---|---|---|
| Definition | Cut-off date for buying eligibility | Date company checks shareholders |
| Investor Action | Must buy BEFORE this date | No action required |
| Price Impact | Price drops | No direct impact |
| Relevance Today | Most important for investors | Administrative |
India moved to T+1 settlement in 2023 (Source: NSE Circular, Jan 2023), meaning trades settle in 1 day instead of 2.
Impact:
Conclusion:
👉 To receive dividend, buy shares at least 1 trading day BEFORE ex-date
Follow this simple checklist:
💡 Use platforms like Retail Broking Services to track upcoming dividends and get alerts.
Dividend payments are usually made within 30 days of declaration (as per Companies Act, 2013).
No.
If you buy shares on the ex-dividend date, you will NOT receive the dividend, because settlement happens after the record date.
This is the #1 mistake investors make.
The same logic applies to:
👉 You must own shares BEFORE the ex-date to be eligible.
Under T+1 settlement in India, they are often the same or just 1 day apart.
Yes, you will be eligible under T+1 settlement rules.
It usually drops by the dividend amount.
It reduces settlement time to 1 day, meaning you need to buy shares only 1 day before ex-date.
Yes, once you hold shares on ex-date, you remain eligible.
The process is the same; only declaration authority differs (board vs shareholders).
Use smart tools like:
👉 Set alerts like: "Buy before ex-date to receive dividend"
Understanding ex-dividend date vs record date is essential for every investor. With T+1 settlement, the rule is simple:
👉 Buy BEFORE ex-date = Get Dividend
Missing this timing can cost you real money — so always track corporate actions and plan trades accordingly.
This article is for educational purposes only and should not be considered investment advice. Investors should consult financial advisors before making investment decisions. Dividend policies, tax rules, and settlement cycles are subject to change as per regulations by SEBI, NSE, BSE, and the Government of India. https://www.mnclgroup.com/research-disclaimer
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad - 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Email for Grievance: grievances@mnclgroup.com
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Mechanism for addressing grievances and information about SCORES.
Monarch Networth Capital IFSC Private Limited (Wholly owned subsidiary of Monarch Networth Capital Limited) is a Registered Fund Management Entity (Retail) having Registration No: IFSCA/FME/III/2025-26/169. Monarch India Growth Fund will be an open-ended Restricted Scheme (Non-Retail) construed as a Category III AIF under the IFSCA (Fund Management) Regulations, 2025. Monarch AIF is a Category III AIF having SEBI Registration No. IN/AIF3/20-21/0787. This material is for informational purposes only and is not intended as an offer or solicitation or investment advice to buy or sell securities. Investments are subject to market risks. The offering is made only through official scheme documents to eligible investors under GIFT IFSC regulations. Investors should read all documents carefully and consult their advisors before investing.
Mechanism for addressing grievances and information about SCORES.
Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
(As per LODR Regulations and Companies Act, 2013)
Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances : Mr. Nitesh Tanwar : 022 - 66476400 / 66476405
Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
For Broking and Demat Related Queries : +91-79-26666768
Email: cs@mnclgroup.com
Email for Grievance: cs@mnclgroup.com
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