Shares of Styrenix Performance Materials, a stock that has gained over 108% this year, are in the spotlight today because the company is giving out a special payment called an interim dividend of Rs 31 for each share by December 17. This means today is the last day to buy these shares if you want to receive this dividend.
The company announced in a meeting on December 9, 2024, that the interim dividend is for the financial year 2024-25. To benefit from this dividend, you need to make sure the shares are in your demat account by the record date, which is December 17.
It’s important to remember that if you want to qualify for the dividend, you need to buy the shares at least one day before the ex-date. This is because of how stock trading works, where it takes a day to settle transactions. If you buy the shares on the ex-date, you won’t get the dividend.
Styrenix Performance Materials has performed well, showing a 97% return over the past year and a 45.2% return in the last six months, according to Niftystat. On Friday, the stock closed up by 1.2% at Rs 3,017.
(Note: The opinions and suggestions provided by experts in this area are personal views and do not reflect those of Economic Times.)
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