When do the companies give dividend ?

Companies pay Dividend during which month? Or is it like those who have it during the AGM time get alotted with the dividends ? Is it like they take a randmon day and give to the holders of shares of that particular day ?

Is it possibile of owning the share during the dividend time and selling it off after that
Is this trading strategy adopted by traders since lots of ignorant traders enter the market .

Arrey yar experts kidhar hain ?
Please help .

normally, dividend will be declared after the annual accounts are finalised. so if march is the year ending, around May/June accounts will be finalised and dividend will be declared and paid. However, some companies may pay interim dividends also in the midst of the accounting period.
u can buy the shares cum dividend and sell them ex-dividend. (i.e., after availing the dividend). But this may not fetch a much profit.

i am a new to stock market. i want to more about the dividend. i am shares of tata motors(667 share). tata motors has announced a dividend of Rs15/-, can anyone guide me how much total amount i will get as dividend.
Thanks in advance.

from where can we get day to day declaration news of dividends and on which factor do we decide which stock to opt for....

pls help...

@ the NSE site. Go to Corporate announcements link.