Dividend Shares: Shares of several companies, including IIFL Securities Ltd, SBI Life Insurance Company Ltd, among others, will trade ex-dividend in the coming week, starting Monday, March 11. Some other companies will also trade ex-bonus and ex-dividend. in the 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:
Wonder Electricals Ltd: The company declared an interim dividend of ₹1. Shares will trade ex-dividend on March 14.
Authors International Ltd: The company declared an interim dividend of ₹0.5. Shares will trade ex-dividend on March 15.
IIFL Securities Ltd: The leading brokerage declared an interim dividend of ₹3. Shares will trade ex-dividend on March 15.
India Gelatine & Chemicals Ltd: The company declared an interim dividend of ₹10. Shares will trade ex-dividend on March 15.
ISMT Ltd: The company declared an interim dividend of ₹0.5. Shares will trade ex-dividend on March 15.
Kirloskar Ferrous Industries Ltd: The company declared an interim dividend of ₹3. Shares will trade ex-dividend on March 15.
SBI Life Insurance Company Ltd: The insurer declared an interim dividend. Shares will trade ex-dividend on March 15.
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The following are the stocks that have declared a stock split in the coming week:
OK Play India Ltd will undergo a stock split of ₹10 to ₹1. Shares will trade ex-split on March 11.
Waaree Renewable Technologies Ltd will undergo a stock split of ₹10 to ₹2. Shares will trade ex-split on March 15th.
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:
Gujarat Ambuja Exports Ltd declared a bonus in the ratio 1:1. Shares will trade ex-bono on March 15.
MK Proteins Ltd declared a bonus in the ratio 2:1. Shares will trade ex-bono on March 15.
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Other Corporate Activity:
Mudra Financial Services Ltd: EGM on March 11
Arunjyoti Bio Ventures Ltd: Correct Issue of Equity Shares on March 12
Data Infrastructure Trust: Income Distribution (InvIT) March 14
Canopy Finance Ltd: Merger on March 15th
Focus Business Solutions Ltd: EGM on March 15
Macfos Ltd: EGM on March 15.
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Published: 09.03.2024, 17:14 IST