Question

who was the first right to receive dividend from company profit​

Answer 1

$\huge\bold{\mathtt{\purple{ A{\pink{ N{\green{ S{\blue{ W{\red{ E{\orange{ R}}}}}}}}}}}}}$

If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

Answer 2

Explanation:

If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

As per the provisions of the 2013 Act, in case of inadequate or no profits, dividend could be paid out of free reserves only. Free reserves means reserves which are available for distribution as dividend as per the latest audited balance sheet of a company.