Several prominent companies are scheduled to trade ex-dividend, ex-bonus, and undergo stock splits in the coming week, according to recent exchange data.
The ex-dividend date is the day when the stock price adjusts to reflect the upcoming dividend payout. On this day, the stock no longer includes the value of the next dividend. Dividends are then distributed to shareholders whose names are on the company’s list by the record date.
Here’s a breakdown of the key corporate actions:
Ex-Dividend Stocks
- Monday, March 3: Aayush Wellness Ltd. will issue an interim dividend of ₹0.01 per share.
- Friday, March 7: Metro Brands Ltd. will declare an interim dividend of ₹3 per share and a special dividend of ₹14.5 per share. SBI Life Insurance Co. Ltd. will also declare a special dividend of ₹2.7 per share.
Bonus Issues
A bonus issue allows current shareholders to subscribe for additional shares instead of increasing the dividend. Companies offer extra shares to shareholders. For instance, a company might issue one bonus share for every ten shares held.
- Wednesday, March 5: Anand Rathi Wealth Ltd. will trade ex-bonus at a 1:1 ratio. Vantage Knowledge Academy Ltd. will trade ex-bonus at a 2:1 ratio. Pradhin Ltd. will also trade ex-bonus at a 2:1 ratio.
Stock Splits
A stock split is a corporate action where a company issues additional shares to shareholders, typically to increase liquidity. While the total number of shares increases, the overall value of the shares remains the same.
- Tuesday, March 4: Coastal Corporation Ltd. will undergo a stock split from ₹10 to ₹2. Mangalam Global Enterprise Ltd. will split from ₹2 to Re 1.
- Friday, March 7: Pradhin Ltd. will undergo a stock split from ₹10 to Re 1.
Other Corporate Actions
- Tuesday, March 4: Alka India Ltd: Resolution Plan – Suspension. Capital Infra Trus: Income Distribution (InvIT). PAE Ltd: Resolution Plan – Suspension.
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