Dividend Shares: Shares of three major public sector undertakings (PSUs) will trade ex-dividend next week, starting Monday, December 11. Some other companies will also trade ex-dividend and ex-bonus, while some have announced share buybacks next week.
The ex-dividend date is the day on which the stock’s share price adjusts to reflect the next dividend payment. It is the day the stock becomes ex-dividend, meaning it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all shareholders whose names appear on the company’s list before the end of the record date.
The following are the stocks that declared dividends in the coming week:
Bharat Petroleum Corporation Ltd (BPCL): The PSU declared an interim dividend of ₹21. Shares will trade ex-dividend on December 12.
Hindustan Zinc: The PSU declared an interim dividend of ₹6. Shares will trade ex-dividend on December 14th.
Rashtriya Chemicals & Fertilizers Ltd: The PSU declared a final dividend of ₹3.7. Shares will trade ex-dividend on December 14.
Read also: FPIs are pumping ₹26,505 crore in Indian stocks in December, turn net buyers after 3 months; What led to a trend reversal?
The following are the stocks that have declared a stock split in the coming week:
Sudev Industries Ltd will undergo a share split of ₹10 to ₹5. Shares will trade ex-split on December 11th.
Team Productions HQ Ltd will undergo a share split of ₹10 to ₹1. Shares will trade ex-split on December 14th.
A stock split is a corporate action and occurs when a company increases the number of its shares to boost liquidity. The company issues additional shares to shareholders, increasing the total by the specified ratio based on the shares they previously held.
The most common split ratios are 2-for-1 or 3-for-1 (sometimes indicated as 2:1 or 3:1). This means that for every share held before the split, each shareholder will have two or three shares, respectively, after the split.
The following are the stocks that have declared a bonus issue in the coming week:
Dhyaani Tile and Marblez Ltd declared a bonus issue in the ratio 9:5. Shares will trade ex-bono on December 12.
Safari Industries (India) Ltd has declared a bonus in the ratio 1:1. Shares will trade ex-bono on December 12.
Sonata Software Ltd declared a bonus in the ratio 1:1. Shares will trade ex-bono on December 12.
A bonus is a corporate action that is an offer given to the company’s existing shareholders to subscribe for additional shares. Instead of increasing the dividend payment, the companies propose to distribute additional shares to the shareholders.
Read also: JM Financials upgrades Tata Power to ‘buy’ after shares hit 52-week high, sees 24% upside over revised TP
The following are the stocks that have declared a share buyback in the coming week:
SIS Ltd will declare a share buyback from December 12, while Somany Ceramics Ltd will declare the same on December 15.
Other Corporate Activity:
Steel Exchange India Ltd: EGM on December 11
Robusta Hotels Ltd: EGM on December 12
Fortune International Ltd: EGM on December 14
Asit C Mehta Financial Services Ltd: Right Issue of Equity Shares on December 15
Milestone Warning!Livemint tops charts as the fastest growing news site in the world 🌏 Click here to know more
Catch all Business News, Market News, Breaking News and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More or less
Published: 09 Dec 2023, 18:53 IST