Dividend Stocks: Shares of several leading companies, including Jupiter Wagons Ltd, KP Energy Ltd, Shraddha Prime Projects Ltd, and Blue Cloud Softech Solutions Ltd, will trade ex-dividend from Monday, October 7. According to BSE data, some companies have announced other corporate actions, including bonus issues of shares, stock splits, and other corporate announcements.
What is ex-dividend date: What is ex-dividend?
The ex-dividend date is the date after which investors will not get the benefit of the dividend if they buy shares. It comes before the record date. That is, on this day the shares start trading without dividend benefits. Usually, customers have to buy shares one or two days before the record date. Only then their name appear in the list of eligible shareholders on the record date.
Upcoming Week Dividends Stock: Stocks that will declare dividends in the coming week
Stocks trading ex-dividend on Monday, October 7, 2024:
Jupiter Wagons Ltd: The company has declared an interim dividend of ₹ 1.
KP Energy Limited: The company has declared a final dividend of ₹ 0.1.
Stocks trading ex-dividend on Wednesday, October 9, 2024:
Shraddha Prime Projects Ltd: The Company declared an interim dividend of ₹ 0.2.
Stocks trading ex-dividend on Friday, October 11, 2024:
Blue Cloud Softech Solutions Ltd: The Company declared a final dividend of ₹ 0.02.
bonus issue in the upcoming week: Stocks declaring bonus issue next week
NBCC (India) Limited has announced the issue of bonus shares in the ratio of 1:2. Ex-bonus shares will be traded on October 7.
Power Mech Projects Ltd: has announced the issue of bonus shares in the ratio of 1:1. Ex-bonus shares will be traded on October 8.
What is a bonus issue?
A bonus issue is a corporate action that allows existing shareholders to subscribe for additional shares. Instead of increasing dividend payments, companies offer to distribute additional shares to shareholders. For example, a company may offer one bonus share for every ten shares held.
Stock split in the upcoming week: Stocks that will do a stock split next week
Jindal Saw Limited stock split will be from ₹ 2 to ₹ 1. The shares will trade ex-split on October 9.
New Light Apparels Limited stock split will be from ₹ 10 to ₹ 1. The shares will trade ex-split on October 10.
Rajnish Retail Limited stock will be split from ₹ 5 to ₹ 1. The shares will trade ex-split on October 11.
What is a stock split: What is a stock split?
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 increases by a fixed proportion based on the shares already held. However, if the number of outstanding shares increases by a certain multiple, the total value (in rupees) of all outstanding shares remains the same because the split does not change the value of the company.
The most common split ratios are 2-for-1 or 3-for-1 (2:1 or 3:1). For every share held before the split, each shareholder will have two or three shares, respectively, after the split.