I do have stocks (purchased) in a Script in India. The stock declared announced the Dividend on 20 May 2015, and I purchased the equity recently (few days back), but the Stock equity's Effective Date is 30 August.
So I wanted to know whether I will get the dividend or not? If yes then how much?
Lets take an example: Here is the Dividends data provided by MRF http://www.moneycontrol.com/company-facts/mrf/dividends/MRF#MRF
Where the latest dividend was Announced on 27-07-15 and Effective Date is 06-08-15. So My question is if I purchased the shares on 03-08-15 then will I get the dividend?