Dividend alert! Last day to buy Maruti Suzuki, Grasim among 38 stocks for dividend payouts. How many do you own?

Maruti Suzuki has announced a dividend payout, and investors need to act quickly to qualify. The company has set a record date, which is the specific day used to determine which shareholders are eligible to receive the dividend. To ensure their shares are credited to their demat accounts in time, investors must purchase the stock at least one trading day before this record date.

This deadline is crucial because the settlement cycle follows SEBI's T+1 rule. This means that shares bought today will only be credited to a demat account by Friday. Consequently, any purchase made after today will not be processed in time, and the investor will miss out on the dividend.

Investors should review their portfolios to see if they hold Maruti shares. If they do not, they have a final opportunity to buy the stock today to become eligible. It is important to remember that this is a corporate action event, and the stock price may react to the announcement.