InvestorQ : Do you suggest buying into Majesco for the Rs.974 dividend declared? What is your view?
Aditi Sharma made post

Do you suggest buying into Majesco for the Rs.974 dividend declared? What is your view?

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Mahima Roy answered.
6 months ago
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The record date for dividend is 25 December so stock will go ex-dividend on 23 December and 22 December will be the last cum-dividend date. You can buy Majesco either on 18, 21 or 22 Dec for dividends.

On ex-dividend date, the stock will quote at a very low price ex-dividend. The dividend will be taxed at your peak rate and no benefit of loss set-off will be available. Rather, you can exit and pay lower tax on capital gains.

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