Dividend Stocks: Shares of several major companies including IDFC Bank, Nestle India, Kotak Mahindra Bank, Tata Consultancy Services (TCS), among others will trade ex-dividend in the coming week starting from Monday, July 15. Along with these, some companies have announced other corporate actions such as bonus issue, rights issue, 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.
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The following are the stocks that have declared dividend in the upcoming week:
Stocks trading ex-dividend on Monday, July 15, 2024:
Alembic Pharmaceuticals Ltd, Duncan Engineering Ltd, Gujarat Themis Biosyn Ltd, India Motor Parts & Accessories Ltd, K.P.R. Mill Limited, NDR Auto Components Ltd, Rane Brake Lining Ltd, Siyaram Silk Mills Ltd, ZF Commercial Vehicle Control Systems India Ltd
Stocks trading ex-dividend on Tuesday, July 16, 2024:
Dr. Reddy’s Laboratories Ltd, Elegant Marbles & Grani Industries Ltd, IDBI Bank, IDFC Ltd, Lupin Ltd, Mahindra & Mahindra Financial Services Ltd, Nestle India, Pix Transmissions Ltd, Punjab & Sind Bank, Rane Engine Valve Ltd, Sakuma Exports Ltd, Sundaram Brake Linings Ltd, Thirumalai Chemicals Ltd, TTK Healthcare Ltd, Wires & Fabriks (SA) Ltd
Stocks trading ex-dividend on Thursday, July 18, 2024:
Advanced Enzyme Technologies Ltd, Amara Raja Energy & Mobility Ltd, Arvind SmartSpaces Ltd, ASM Technologies Ltd, Bliss GVS Pharma Ltd, Can Fin Homes Ltd, Golkunda Diamonds & Jewellery Ltd, GPT Healthcare Ltd, Kanoria Energy & Infrastructure Ltd, Nelcast Ltd, Newgen Software Technologies Ltd, Panasonic Energy India Company Ltd, Praj Industries Ltd, Precision Camshafts Ltd, Tanla Platforms Ltd, Thangamayil Jewellery Ltd, Ultramarine & Pigments Ltd, UTI Asset Management Company Ltd.
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Stocks trading ex-dividend on Friday, July 19, 2024:
Abbott India Ltd, Apcotex Industries Ltd, Arvind Ltd, Bajaj Electricals Ltd, Blue Star Ltd, Bosch Ltd, Chennai Petroleum Corporation Ltd, Cholamandalam Investment and Finance Company Ltd, Cummins India, Dabur India Ltd, Delta Corp Ltd, Dhanuka Agritech Ltd, Graphite India Ltd, Gujarat Containers Ltd, Hitech Corporation Ltd, ICRA Ltd, Indian Hume Pipe Co. Ltd, JSW Infrastructure Ltd, Kotak Mahindra Bank Ltd, Life Insurance Corporation (LIC) of India, Lloyds Engineering Works Ltd, Laxmi Organic Industries Ltd, Mangalam Cement Ltd, PDS Ltd, R.S. Software India Ltd, Saint-Gobain Sekurit India Ltd, Shanthi Gears Ltd, Shree Digvijay Cement Co. Ltd, Sumitomo Chemical India Ltd, Transport Corporation of India Ltd, TCS, Tech Mahindra, Union Bank of India, Zensar Technologies Ltd, Zydus Wellness Ltd
The following are the stocks that have declared a stock split in the upcoming week:
KPI Green Energy Ltd will undergo a stock split from ₹10 to ₹5. Shares will trade ex-split on July 18.
Elecon Engineering Co. Ltd will undergo a stock split from ₹2 to Re 1. Shares will trade ex-split on July 19.
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.
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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:
GACM Technologies Ltd: Right Issue of Equity Shares on July 16
Indowind Energy Ltd: Right Issue of Equity Shares on July 16
M.M.Forgings Ltd: Bonus issue in the ratio 1:1. Shares will trade ex-bonus on July 16.
Apex Capital And Finance Ltd: E.G.M. on July 19
Shrydus Industries Ltd: Right Issue of Equity Shares on July 19
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
