Dividend Adjustment Of OFSS For March 2023
Find out all the information about the Dividend Adjustment of OFSS for March 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how Oracle Financial Services Software Limited will adjust its dividends according to SEBI regulations.
OFSS Limited announced the Interim Dividend of ₹ 225 per share on April 26, 2023. This translates to a yield of 6.58% based on the closing price of ₹ 3419.05 on April 25, 2023. The ex-dividend date is set for May 8, 2023, with the record date for dividend payment scheduled for May 9, 2023.
SEBI’s Guidelines for Dividend Adjustment in F&O
As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in futures and options markets. In compliance with these rules, OFSS will adjust its dividends in both the futures/options markets and the cash market.
Dividend Adjustment of OFSS for March 2023 in the Cash
Investors who buy OFSS shares on or prior to May 8, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.
Dividend Adjustment of OFSS for March 2023 the Futures
In the futures market, OFSS’s futures contracts will be adjusted by subtracting the dividend amount from the May 8, 2023 closing price. For instance, if OFSS closes at ₹ 3525 on May 8, 2023, one futures contract would be worth ₹ 3525 x 200 = ₹ 7,05,000. The next working day, May 9, 2023, the value of the same contract would be adjusted to ₹ 3300 x 200 = ₹6,60,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.
Dividend Adjustment of OFSS for March 2023 in the Options
In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. May 25, 2023, and those expiring on June 29, 2023, and July 27, 2023. This can be understood through the table given below:
OFSS Divedend Adjustment
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