The amount of cash paid by a company to its shareholders is called a dividend, which is the portion of the company’s profits distributed from reserves to shareholders. To be eligible to receive dividends, a shareholder must have his name on the company’s register on the date of registration. The record date for the interim dividends of Polyplex Corporation, EID-PARRY (India) and Tide Water Oil Co. (India) Ltd falls next week, which means that shareholders must be registered in the company’s register this such day or record date in order to qualify for the declared dividends referred to herein.
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