Dividend Shares: Shares of some companies, including Easy Trip Planners, and a few others will trade ex-dividend in the coming week, starting on Monday, December 18th. Some other companies will also trade 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.
Read also: FPIs turn net buyers, pump ₹42,733 in Indian stocks; Inflows rise after US Fed signals end of tightening cycle
The following are the stocks that declared dividends in the coming week:
Easy Trip Planners Ltd: The company declared an interim dividend of ₹0.1. Shares will trade ex-dividend on December 19.
Kovilpatti Lakshmi Roller Flour Mills Ltd: The company declared a dividend of ₹2. Shares will trade ex-dividend on December 22.
R Systems International Limited: The company declared an interim dividend of ₹6.8. Shares will trade ex-dividend on December 22.
Sarthak Metals Ltd: The company declared an interim dividend of ₹1. Shares will trade ex-dividend on December 22.
The following are the stocks that have declared a bonus issue in the coming week:
IFL Enterprises Ltd has declared a bonus in the ratio of 1:10. Shares will trade ex-bono on December 18.
Paul Merchants Ltd declared a bonus in the ratio 2:1. Shares will trade ex-bono on December 19.
Alphalogic Techsys Ltd declared a bonus in the ratio 1:3. Shares will trade ex-bono on December 22.
Axita Cotton Ltd has declared a bonus in the ratio 1:3. Shares will trade ex-bono on December 22.
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.
Other Corporate Activity:
IndInfravit Trust: Income Distribution (InvIT) on December 19
Franklin Industries Ltd: EGM on December 21
Corporate Merchant Bankers Ltd: EGM on December 22
Gennex Laboratories Ltd: EGM on December 22
Pearl Green Clubs and Resorts Ltd: EGM on December 22
Raw Edge Industrial Solutions Ltd: EGM on December 22.
Additionally, SM Auto Stamping Ltd will declare a share buyback on December 22.
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Published: 16 Dec 2023, 18:13 IST