Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that Arrow Greentech Limited (NSE:ARROWGREEN) is about to go ex-dividend in just 4 days. The ex-dividend date is two business days before a company’s record date in most cases, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade can take two business days or more to settle. Accordingly, Arrow Greentech investors that purchase the stock on or after the 18th of September will not receive the dividend, which will be paid on the 22nd of October.
The company’s upcoming dividend is ₹4.00 a share, following on from the last 12 months, when the company distributed a total of ₹4.00 per share to shareholders. Based on the last year’s worth of payments,…
