The board of directors of IndusInd Bank announced that Friday, August 12, 2022, will be the "Record Date" or "Cut-off Date" for the dividend. The bank issued an equity dividend of 85 %, or Rs 8.50 per share of Rs 10 face value. The ex-dividend date for stocks is typically set one business day prior to the record date. You won't get the dividend payment if you purchase a stock on or after the ex-dividend date. The dividend is instead given to the seller. You will receive the dividend if you purchase before the ex-dividend date.
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