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Shares of several companies including Tata Consultancy Services (TCS), HCL Technologies, Glenmark Life Sciences, among several others will trade ex-dividend in the coming week, starting from Monday, October 16.
The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.
It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward.
Dividends are payable to all shareholders whose names appear on the company's list by the end of the record date.
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