Dividend Stocks: According to BSE, shares of major companies such as Tata Consultancy Services, PCBL, CESC and others will trade ex-dividend next week.
According to BSE data, some of the major companies have announced various corporate actions including the bonus issue, extraordinary general meetings (EGM) and stock split.
The day on which the stock price adjusts to reflect the next dividend payment is known as the ex-dividend date. When the stock goes ex-dividend, it means that the stock will not have the value of its next dividend payment from that day onwards.
Dividends are payable to all shareholders whose names appear on the list of the company before the end of the record date.
Shares will trade ex-dividend on Thursday, January 16, 2024
CESC Ltd: The company has an interim dividend of ₹4.5.
PCBL Ltd: The company has an interim dividend of ₹5.5.
Shares will trade ex-dividend on Friday, January 17, 2024
Tata Consultancy Services Ltd: The company has an interim dividend of ₹10.
Tata Consultancy Services Ltd: The company has declared a special dividend of ₹36.
Vantage Knowledge Academy Ltd: The company paid an interim dividend of ₹0.1.
A stock split is a corporate action that occurs when a company issues additional shares to shareholders to increase liquidity. The total number of shares issued is increased by a certain ratio based on the shares previously held.
Here are the stocks that announced a stock split in the coming week:
Shardul Securities Ltd will undergo a share split ₹10 to ₹2. The shares will trade ex-split on Monday, January 13.
Regis Industries Ltd will undergo a share split ₹10 to ₹1. The shares will trade ex-split on Thursday, January 16.
Arunjyoti Bio Ventures Ltd will undergo a share split ₹10 to ₹1. The shares will trade ex-split on Friday, January 17.
Jai Balaji Industries Ltd will undergo a share split ₹10 to ₹2. The shares will trade ex-split on Friday, January 17.
A bonus issue is a corporate action in which additional shares are given to existing shareholders. A company may decide to distribute additional shares as an alternative to dividends.
Below are the stocks that have announced a bonus issue in the coming week
Kitex Garments Ltd: Bonus issue at a ratio of 2:1 on January 17.
Sattva Sukun Lifecare Ltd: Bonus issue in the ratio 3:5 on January 17.
Other corporate actions
GTT Data Solutions Ltd: Straight issue of shares on January 14.
Energy Infrastructure Trust: Income Distribution (InvIT) on January 14.
California Software Co Ltd: Right issue of shares on January 15.
Ultracab (India) Ltd: Legal issue of shares on January 16.
