This is my first post. I have been following the forum for few days and it's really great
I am a new comer to Stock market.
Can you please explain the meaning of XD and Consideration using the following example.
If I buy stocks on march 31st am I entitled for this? If not what is the last date I can buy to be entitled for this and for how many days do I have to keep these stocks with me for that?
03-Mar-2011 SCRIP DIVIDEND - COMB (Voting & Non - Voting)
COMMERCIAL BANK OF CEYLON PLC
Company ID: - COMB (Voting)
Date of Announcement:-28.01.2011
Proportion: - 01 for 155.6
XD:-31.Mar.2011
Consideration: - Rs. 311.11/-
General Meeting/ Allotment: - 30.Mar.2011
Qty Offered:-2,272,008 (Plus any additional shares that need to be issued in the event employee share options are exercised)
Thanks