FMCG juggernaut, Procter Gamble Hygiene and Health Care Limited has declared one of its highest dividends in recent times of ₹110 per share. The record date falls on Thursday, February 20, 2025 which happens to be the same for that declared by one more corporate which is the ticket booking arm of the Indian Railways, IRCTC. Lets see latest by what time you should have both the shares in your demat account to become eligible for dividend. Buy latest by Wednesday to become eligible for dividend Since, the record date for dividends announced by both these companies falls on Thursday. So, if the investors wouldn’t buy the scrips latest by Wednesday, then, they won’t receive the dividends. Shares of these two companies would begin to trade without the benefit of dividend from Thursday onwards. Procter Gamble Hygiene and Health Care Limited The FMCG giant, Procter Gamble Hygiene and Health Care Limited , had declared an interim dividend of ₹110 per share for the fiscal year 2024-25. IRCTC IRCTC board had declared ₹3 per share dividend for FY25. The record date for receipt of the cash reward is also on Thursday. How are both record and ex- date are on same day? Since, all stocks in India now follow T+1 settlement cycle, so investors who would buy shares one day before the record date would be eligible for the receipt of dividend. Under the T+1 settlement cycle, record date and ex-date are on the same day. Top 7 companies with highest dividend yield in India: Generally, the Public Sector Undertakings (PSU) in India are considered to be the highest divided paying stocks. List of top 7 companies with highest dividend yield What is dividend yield? The dividend yield tells us what percentage of share price the company pays out as an annual dividend. How is dividend yield calculated? Dividend Yield Calculation Formula: Dividend Yield = Annual dividend per share/ Current share price) * 100