Infosys announced a bonus of 1:1 and a dividend of Rs.30 per share on record date of 17th October 2014. I got the dividend credit to my account on 21st October but the bonus is still not credited. When will I receive the bonus shares to my demat account?
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Infy did announce a dividend of Rs.30/share and if you bought the stock before the ex-date, you’d be entitled to received dividends which you did.
As far as the bonus is considered, it was decided on the 10th October 2014 though a Board meeting that a bonus of 1:1 would be given to all share holders. However the record date for the bonus has still not been announced. Record date is the date identified by the company for the purpose of determining the holders who are entitled to receive the bonus.
So to be entitled to receive the bonus, make sure the shares are in your demat account before the Record date.
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