A dividend is a type of corporate action through which companies share their profits with their shareholders. Generally, the dividend is credited within 25-45 working days from the record date to the bank account linked to your Demat on Groww.

Example: ITC announced a dividend corporate action for ₹5.75, where the ex-date was 10 Jun '21, and shareholders who bought this share before the ex-date received ₹5.75 for every single share.