Milkfood Ltd, 2 others to trade ex-dividend next week, SEPC to declare rights issue; check details
- The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.
Shares of three companies including Milkfood Ltd, Veeram Securities, and Talbros Automative Components Ltd among others will trade ex-dividend in the coming week, starting from Tuesday, November 28.
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.
Additionally, shares of SAPC will declare a rights issue of equity shares and Alphalogic Industries Ltd will trade ex-bonus in the coming week.
The following are the stocks that have declared dividend in the upcoming week:
Talbros Automotive Components Ltd: The company declared an interim dividend of ₹0.2. Shares will trade ex-dividend on November 28.
Veeram Securities Ltd: The company declared an interim dividend of ₹0.5. Shares will trade ex-dividend on November 28.
Milkfood Ltd: The company declared an interim dividend of ₹2.5. Shares will trade ex-dividend on November 28.
The following are the stocks that have declared a bonus issue in the upcoming week:
-Alphalogic Industries Ltd declared a bonus issue in the ratio 1:1. Shares will trade ex-bonus on December 1
A bonus issue is a corporate action which is an offer given to the existing shareholders of the company to subscribe for additional shares. Instead of increasing the dividend payout, the companies offer to distribute additional shares to the shareholders.
Other Corporate Action:
SEPC Ltd: Rights issue of equity shares on November 28
Data Infrastructure Trust: Income Distribution (InvIT) on November 29
Gujarat Investa: EGM on November 30
The Byke Hospitality Ltd: EGM on November 30
Nitin Castings Ltd: EGM on December 1
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