Book Closure Dates: Company announces a dividend to their share holders. The customers will be eligible for the benefit of the dividend if they keep their stocks through the whole period of book closure date.
For example if ABC company announces a dividend of Rupees 2.00 per share for which BC start date is 26 july and BC end date is 03 August. To get the benefit of the dividend the customer should keep his/her stocks of ABC company through the full period of time from 26 july to 03 August.
Record Date: Record Date is a day before Book Closure period. The investors who has stocks of the company on the end of the day on Record Date is eligible for the dividend.
Ex-Date: Normally if we buy a stock of a company it will be added to your account after 2 days. (T+2 day) so for the above example if u buy a stock of a company on 26th July itwill be added to your account after 2 days. So you will not be eligible for the dividend. The Ex-Date is two days before the Record date. So if you purchase the stock of the company on the day of Ex-Date you eill get the benefit of the dividend.
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