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Business News/ Markets / Stock Markets/  Dividend Stocks: Marico, Sanofi India, among others to trade ex-dividend next week; check full list
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Dividend Stocks: Marico, Sanofi India, among others to trade ex-dividend next week; check full list

Dividend Stocks: Shares of several companies, including Panchsheel Organics, Marico and others will trade ex-dividend in the coming week, starting from March 4

Some stocks are trading ex-dividend, ex-split and ex-bonus next weekPremium
Some stocks are trading ex-dividend, ex-split and ex-bonus next week

Dividend Stocks: Shares of several companies, including Marico Ltd, Panchsheel Organics, Sanofi India, among others will others will trade ex-dividend in the coming week, starting from Monday, March 4. Some other companies will also trade ex-bonus and ex-split in the coming week.

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 shareholders whose names appear on the company's list by the end of the record date.

Also Read: FPIs turn net buyers in February, infuse 1,539 crore in Indian equities; Will inflows sustain in March?

The following are the stocks that have declared dividend in the upcoming week:


DCM Shriram Limited: The company declared an interim dividend of 4. Shares will trade ex-dividend on March 6.

Marico Ltd: The company declared an interim dividend of 6.5. Shares will trade ex-dividend on March 6.

Panchsheel Organics: The company declared an interim dividend of 0.08. Shares will trade ex-dividend on March 7.

Sanofi India Ltd: The company declared an interim dividend of 50. Shares will trade ex-dividend on March 7.


The following are the stocks that have declared a stock split in the upcoming week:


Tiger Logistics (India) Ltd will undergo a stock split from 10 to 1. Shares will trade ex-split on March 4.

Capri Global Capital Limited will undergo a stock split from 2 to 1. Shares will trade ex-split on March 5.

Manorama Industries Ltd will undergo a stock split from 10 to 2. Shares will trade ex-split on March 7.

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.

The most common split ratios are 2-for-1 or 3-for-1 (sometimes 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.

Also Read: Nifty 50 vs GDP of India: Why experts see more rally in Indian stock market — explained with 5 crucial reasons

Other Corporation Action:

Jyoti Structures Ltd: E.G.M. on March 4

Steel Exchange India Ltd: E.G.M. on March 4

Capri Global Capital Limited declared a bonus issue in the ratio 1:1. Shares will trade ex-bonus on March 5

VMS Industries Ltd E.G.M. on March 5

Sahara One Media & Entertainment Ltd: E.G.M. on March 6

Dharni Capital Services Ltd: E.G.M. on March 7

Nath Bio-Genes (India) Ltd: E.G.M. on March 7

Sawaca Business Machines Ltd: Right Issue of Equity Shares on March 7

Shervani Industrial Syndicate Ltd: Buy Back of Shares on March 7

Shree Rama Multi-Tech Ltd: E.G.M. on March 7

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ABOUT THE AUTHOR
Nikita Prasad
Nikita covers business news and has been producing news on digital platforms since 2018. She writes on economy, policy, markets, commodities, industry. Her core areas of interests include infrastructure, energy, oil and gas, railways, and transport/mobility. She has worked for business news channels like Moneycontrol, NDTV Profit, and Financial Express in the past. If you have story ideas/pitches/reports or quotes/views to share, reach her at nikita.prasad@htdigital.in.
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Published: 02 Mar 2024, 06:33 PM IST
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