Dividend stock: Last day to buy CRISIL shares to be eligible for 2600% payout. Check details

Stock market today: CRISIL will trade ex-dividend with respect to its final dividend of ₹26 per share (2,600%) on Friday, April 11, while its record date has been set as Monday, April 14, thus making today, April 9, the last day to purchase its shares to be eligible for dividend payout, given Indan stock markets will be closed on Thursday.

While most companies generally have the same record and ex-date date but when it's different, such as in the case of CRISIL, the ex-dividend date determines which shareholders will receive the dividend payout.

The ex-dividend date is the day when the right to receive the dividend is no longer included with the stock. If you buy the stock before this date, you will be the official owner on the record date (the date the company checks who owns the stock) and will get the dividend.

However, if you buy the stock on or after the ex-dividend date, you won’t get the dividend. Instead, the person who sold you the stock will receive the dividend because they were the owner on the record date.

Dividend Details

The company in an exchange filing on February 10 had said, “The Board of Directors has also recommended a final dividend of ₹26, per equity share of face value of Re 1 each, for the financial year ended December 31, 2024, subject to the approval of the shareholders at the ensuing Annual General Meeting.”

The company at a later date announced the record date for the dividend as April 14, 2025. The payment of the dividend will be made on May 6, 2025, once approved by the shareholders at the Annual General Meeting of the Company on April 30, 2025.

In the past 12 months, CRISIL has declared an equity dividend amounting to ₹30.00 per share, according to Trendlyne data.

Share Price Trend

Amid a broader market weakness, CRISIL shares were trading with cuts, down 3.5% from their previous close of ₹4323.20. The scrip hit the day's low of ₹4173 and a high of ₹4347.

In the last one year, the stock has lost 15% of its value while it has rallied 223% in the past five years, according to BSE data.

Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.