If I buy or sell shares on Ex-Date of Dividend announcement, Do I receive the dividend? What is the record date?

[ShubhS9]

@RLM

that if I buy on ex date ; the dividend would be received in the broker’s account and then the broker would pass or transfer the same to the client’s trade ledger account.

You are not eligible to receive dividends if you buy shares on ex-date, you will be eligible only if you buy before ex-date.

@RLM

buys on ex date and client 2 : sells on the same ex date ; and both the clients are of one same broker only . Then whom client would the broker pass on or transfer the dividend to ?

Buyer of the shares is not eligible to receive dividends if bought on ex-date, while seller of the shares on ex-date will be eligible to receive dividends.

So the dividends received will be passed on to the seller of the shares.