Dividend stocks, March 12 -- The record date for railway PSU stocks - Indian Railway Finance Corporation (IRFC) and RailTel Corporation of India - is slated for Friday, March 12. This means that IRFC and RailTel will trade ex-dividend date tomorrow.

Investors looking to bank on the dividend payment need to understand that only those whose names appear on the registrar's list as of Friday will be eligible to receive the dividend.

Since the Indian stock market follows a T+1 settlement system, today is the last day to buy these shares. If you purchase these dividend stocks tomorrow, they will be debited to your account on Monday, and hence will miss out on the corporate action benefit.

PSU stock IRFC's board earlier this week, on March 9,...