I was having 35 shares of SBI as on 28th May 2015(ex-date) for dividend.The date of payment of dividend was 18th June 2015.Though after full payment the broker has not trasferred my shares into demat but kept in pool acccout.After i came to know this I told him transfer all my shares to demat account on 9th June 2015 but still i have not received any dividend.Kindly suggest me what to do.
If on the ex-date your shares were lying in the brokers pool, the dividend will be credited to the broker. As long as the stock lies in the brokers pool, they will be as good as the beneficiary owners of the stock. The broker has to ideally pass back this dividend to you. If it has not happened, you can probably reach out to your broker and complain about it.