Dividend Stocks: Shares of several major companies including JK Cement, Persistent Systems, Indian Oil Corp (IOC), JSW Steel, among others will trade ex-dividend in the coming week starting from Monday, July 8. Along with these, some companies have announced other corporate actions such as bonus issue, spin offs, and stock splits, according to BSE data.
The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all the shareholders whose names appear on the company’s list by the end of the record date.
The following are the stocks that have declared dividend in the upcoming week:
Stocks trading ex-dividend on Monday, July 8, 2024:
Computer Age Management Services Ltd
Stocks trading ex-dividend on Tuesday, July 9, 2024:
Atishay Ltd, Baid Finserv Ltd, DCM Shriram Limited, Deep Industries Ltd, Grindwell Norton Ltd, Ingersoll-Rand (India) Ltd, J.K. Cement Ltd, JSW Steel, Persistent Systems, Polycab India Ltd
Stocks trading ex-dividend on Wednesday, July 10, 2024:
Crompton Greaves Consumer Electricals Ltd, Mphasis Ltd, Wheels India Ltd
Stocks trading ex-dividend on Thursday, July 11, 2024:
Bharat Seats Ltd, Century Textiles & Industries Ltd, Oriental Hotels Ltd, Route Mobile Ltd, Sinclairs Hotels Ltd, Sky Industries Ltd, Vimta Labs Ltd, VTM Ltd
Stocks trading ex-dividend on Friday, July 12, 2024:
20 Microns Ltd, Anant Raj Limited, Atul Ltd, AU Small Finance Bank Ltd, Axis Bank Ltd, Bimetal Bearings Ltd, Blue Dart Express Ltd, Birlasoft Ltd, D-Link (India) Ltd, Indus Finance Ltd, IOC, IRM Energy Ltd, Jayant Agro-Organics Ltd, Jubilant FoodWorks Ltd, Kabra Extrusiontechnik Ltd, Mahindra Lifespace Developers Ltd, Mahindra Logistics Ltd, Neuland Laboratories Ltd, Nilkamal Ltd, Onward Technolgies Ltd, Petronet LNG Ltd, Polychem Ltd, Piramal Pharma Ltd, PTL Enterprises Ltd, Safari Industries (India) Ltd, SAT Industries Ltd, Sun Pharmaceutical Industries Ltd, Themis Medicare Ltd, Transcorp International Ltd, Ujjivan Small Finance Bank Ltd, United Sprits Ltd, Utkarsh Small Finance Bank Ltd, Wendt (India) Ltd.
The following are the stocks that have declared a bonus issue in the upcoming week:
Clara Industries Ltd declared a bonus issue in the ratio 4:1. Shares will trade ex-bonus on July 8.
Alliance Integrated Metaliks Ltd declared a bonus issue in the ratio 2:1. Shares will trade ex-bonus on July 11.
Alphalogic Techsys Ltd declared a bonus issue in the ratio 14:48. Shares will trade ex-bonus on July 12.
Filtra Consultants and Engineers Ltd declared a bonus issue in the ratio 1:3. Shares will trade ex-bonus on July 12.
A bonus issue is a corporate action which is an offer given to the existing shareholders of the company to subscribe for additional shares. Instead of increasing the dividend payout, the companies offer to distribute additional shares to the shareholders. For example, the company may decide to give out one bonus share for every ten shares held.
The following are the stocks that have declared a stock split in the upcoming week:
Bridge Securities Ltd will undergo a stock split from ₹10 to ₹1. Shares will trade ex-split on July 10.
PG Eelectroplast Ltd will undergo a stock split from ₹10 to ₹1. Shares will trade ex-split on July 10.
Vantage Knowledge Academy Ltd will undergo a stock split from ₹10 to ₹1. Shares will trade ex-split on July 12.
WPIL Ltd will undergo a stock split from ₹10 to ₹1. Shares will trade ex-split on July 12.
A stock split is a corporate action and happens when a company increases the number of its shares to boost the liquidity. The company issues additional shares to shareholders, increasing the total by the specified ratio based on the shares they held previously.
However, the number of shares outstanding increases by a specific multiple, the total value (in rupees) of all shares outstanding remains the same because a split does not change the company’s value. The most common split ratios are 2-for-1 or 3-for-1 (denoted as 2:1 or 3:1). This means for every share held before the split, each stockholder will have two or three shares, respectively, after the split.
Other Corporate Action:
IndInfravit Trust: Income Distribution (InvIT) on July 9
Suraj Industries Ltd: Right Issue of Equity Shares on July 10
Raymond: Spin Off on July 11
Lesha Industries Ltd: Right Issue of Equity Shares on July 12
Ritco Logistics Ltd: E.G.M. on July 12
Sharat Industries Ltd: Right Issue of Equity Shares on July 12
