National Aluminium (NATIONALUM) Dividend Adjustment: Impact on F&O Contracts

Announcements
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NSE has announced an adjustment to Futures & Options (F&O) contracts for National Aluminium Company Limited (NATIONALUM) due to a ₹4.00 per share dividend. These changes will take effect from February 14, 2025 (ex-dividend date).

Key Adjustments as per the Circular:

Futures Contract Adjustment

  • The reference price for NATIONALUM futures will be adjusted by subtracting ₹4.00 (the dividend amount) from the daily settlement price on February 13, 2025 (last cum-dividend date).
  • Open futures positions will be carried forward at the adjusted price from February 14, 2025.
  • Margins will be computed based on the adjusted futures price.

Options Contract Adjustment

  • Strike prices of NATIONALUM options will be reduced by ₹4.00 and adjusted to the nearest tick size on the ex-dividend date.
  • All open positions will continue under the new adjusted strike prices.

What This Means for Traders

  • Expect short-term price adjustments in NATIONALUM as F&O contracts realign.
  • Ensure your trading strategies reflect the updated prices and strike levels.

For full details, refer to the official NSE circular: NSE Circular

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@Ushnota
I bought it today with MTF, will i get the dividend as the record date is 14-Feb-2025.

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@athma_prathisti An MTF position is still considered part of your holdings, and you will be eligible to receive dividends if you hold it until the ex-date.

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