Dividend Stocks: Oil India, PFC, TVS Motor Company, among others to trade ex-dividend next week; check full list

Dividend Stocks: Shares of public-sector undertakings (PSUs) includingBharat Electronic Ltd (BEL), Oil India, and Power Finance Corporation (PFC), along with some other companies such as TVS Motor Company, will trade ex-dividend in the coming week, starting from Monday, March 18, 2024. Along with these, some other firms will also trade ex-split, ex-rights, and ex-bonus, according to data on the BSE.

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.

Also Read: OMCs recovered losses from 2-year freeze on fuel rates with combined profit of ₹69,000 crore in FY24

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

Here we list out the dividend details in regard to the some of the stocks:

Oil India: The oil explorer declared an interim dividend of ₹8.5. Shares will trade ex-dividend on March 18.

TVS Motor Company: The automobile major declared an interim dividend of ₹8. Shares will trade ex-dividend on March 19.

Castrol India: The company declared a final dividend of ₹4.5. Shares will trade ex-dividend on March 21.

Patanjali Foods Ltd: The company declared an interim dividend of ₹6. Shares will trade ex-dividend on March 21.

BEL: The aerospace PSU declared an interim dividend of ₹0.7. Shares will trade ex-dividend on March 22.

PFC: The PSU declared an interim dividend of ₹3. Shares will trade ex-dividend on March 22.
 

FULL LIST:

Stocks trading ex-dividend on Monday, March 18: Oil India

Stocks trading ex-dividend on Tuesday, March 19: Kama Holdings Limited, KEI Industries, Sudarshan Chemical Industries Ltd, TVS Motor Company

Stocks trading ex-dividend on Wednesday, March 20: AGI Infra Ltd, Axtel Industries Ltd.

Stocks trading ex-dividend on Thursday, March 21: Castrol India, Ksolves India Ltd, Patanjali Foods Ltd.

Stocks trading ex-dividend on Friday, March 22: BEL, Mishra Dhatu Nigam Ltd, PFC.

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

Tine Agro Ltd will undergo a stock split from ₹10 to ₹1. Shares will trade ex-split on March 18.

Colab Cloud Platforms Ltd will undergo a stock split from ₹10 to ₹2. Shares will trade ex-split on March 19.

Refex Industries Limited will undergo a stock split from ₹10 to ₹2. Shares will trade ex-split on March 22.

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.

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.

The following are the stocks that have declared a bonus issue in the upcoming week:

Tine Agro Ltd declared a bonus issue in the ratio 1:1. Shares will trade ex-bonus on March 18.

Colab Cloud Platforms Ltd declared a bonus issue in the ratio 1:1. Shares will trade ex-bonus on March 19.

Kesar India Ltd declared a bonus issue in the ratio 6:1. Shares will trade ex-bonus on March 19.

Rama Steel Tubes Ltd declared a bonus issue in the ratio 2:1. Shares will trade ex-bonus on March 19.

Advani Hotels & Resorts (India) Ltd declared a bonus issue in the ratio 2:1. Shares will trade ex-bonus on March 20.

Paisalo Digital Ltd declared a bonus issue in the ratio 1:1. Shares will trade ex-bonus on March 20.

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. For example, the company may decide to give out one bonus share for every ten shares held.

Corporate Action:

Tierra Agrotech Ltd: Right Issue of Equity Shares on March 18

Rajath Finance Limited: E.G.M. on March 19

Dwarikesh Sugar Industries Ltd: Buy Back of Shares on March 20

Eastern Sugar & Industries Ltd: E.G.M. on March 20

Kakatiya Cement Sugar & Industries Ltd: E.G.M. on March 20

Mishtann Foods Ltd: Right Issue of Equity Shares on March 20

Roni Households Ltd: E.G.M. on March 20

Andhra Cements Ltd: E.G.M. on March 21

Alfavision Overseas (India) Ltd: E.G.M. on March 21

IndInfravit Trust: Income Distribution (InvIT) on March 21

Vipul Ltd: E.G.M. on March 21

Ambar Protein Industries Ltd: E.G.M. on March 22

Padmanabh Alloys & Polymers Ltd: E.G.M. on March 22

Raconteur Global Resources Ltd: E.G.M. on March 22.