Dividend stocks: Shares of several large companies including JK Cement, Persistent Systems, Indian Oil Corporation (IOC) and JSW Steel are set to trade ex-dividend next week starting Monday, July 8. Besides these, some companies have announced other corporate actions like bonus issues, spin-offs and stock splits, according to BSE data.
The ex-date is the date on which the share price is adjusted to reflect the next dividend payment. This is the date on which the stock becomes ex-dividend and will no longer carry over the value of the next dividend payment. Dividends are paid to all shareholders whose names appear on the company’s register by the end of the ex-date.
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Stocks announcing dividends next week are:
Stock transactions that will go ex-rights on Monday, July 8, 2024:
Computer Age Management Services Co., Ltd.
Stock transactions going 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, JK Cement Ltd, JSW Steel, Persistent Systems, Polycab India Ltd
Stock transactions going ex-dividend on Wednesday, July 10, 2024:
Crompton Greaves Consumer Electricals, Mphasis and Wheels India
Stock transactions going ex-dividend on Thursday, July 11, 2024:
Bharat Sheets Ltd, Century Textiles & Industries Ltd, Oriental Hotels Ltd, Root Mobile Ltd, Sinclairs Hotels Ltd, Sky Industries Ltd, Vimta Labs Ltd and VTM Ltd.
Stock transactions that will go ex-rights 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 Exducingtechnik 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 shares which have declared bonus issues next week are:
Clara Industries Ltd has announced a bonus issue at a ratio of 4:1. The shares will trade on the bonus payout on July 8th.
Alliance Integrated Metaliks Ltd has announced a bonus issue at a ratio of 2:1. The shares will be traded on the bonus payout on July 11th.
Alphalogic Techsys Ltd has announced a bonus issue in the ratio of 14:48. The shares will be traded on July 12th with the bonus payout.
Filtra Consultants and Engineers Ltd has announced a bonus issue in the ratio of 1:3. The shares will trade on the bonus payout on July 12th.
A bonus issue is a corporate action in which a company offers to subscribe for additional shares to its existing shareholders. In exchange for increasing dividend payments, the company offers to distribute additional shares to shareholders. For example, a company may decide to grant 1 bonus share for every 10 shares held.
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The following stocks will be announcing stock splits within the next week:
Bridge Securities Ltd will carry out a share split from Rs 10 to Rs 1. The shares will trade at the post-split price on July 10.
PG Eelectroplast Ltd will carry out a share split from Rs 10 to Rs 1. The shares will trade at the post-split price on July 10.
Vantage Knowledge Academy Ltd will carry out a share split from Rs 10 to Rs 1. The shares will trade at the post-split price on July 12.
WPIL Ltd will carry out a share split from Rs 10 to Rs 1. The shares will trade at the post-split price on July 12.
A stock split is a corporate action taken when a company increases the number of shares in order to increase liquidity. The company issues additional shares to shareholders, increasing the total by a specified ratio based on the shares previously held.
However, although the number of shares issued increases by a certain multiple, the total value of the shares issued (in rupees) remains the same since the value of the company does not change due to the split. The most common split ratios are 2:1 or 3:1 (written as 2:1 or 3:1), which means that for every share held before the split, each shareholder will own 2 or 3 shares respectively after the split.
Other business activities:
IndInfravit Trust: Income sharing on July 9 (InvIT)
Suraj Industries Limited: Rights Issue of Shares on July 10
Raymond: spinoff on July 11
Lesha Industries Ltd: Rights issue of shares to be held on July 12
Litco Logistics: Extraordinary General Meeting of Shareholders on July 12
Sharat Industries Ltd: Rights issue of shares conducted on July 12.
