Dividend Stocks: Titan, REC, Bajaj Holdings, IndusInd Bank, among others to trade ex-dividend next week; Full list here

  • Dividend Stocks: Several companies including Tata Elxsi, Oberoi Realty, IndusInd Bank, among others are trading ex-dividend in the coming week.

Nikita Prasad
First Published22 Jun 2024, 08:32 PM IST
Dividend Stocks: Some companies are trading ex-dividend next week, while some have declared a buyback or bonus issue
Dividend Stocks: Some companies are trading ex-dividend next week, while some have declared a buyback or bonus issue

Dividend Stocks: Shares of several major companies including Bank of Baroda, Titan Company, Voltas Ltd, REC Ltd, Bajaj Holdings & Investments, among others will trade ex-dividend in the coming week starting from Monday, June 24. Along with these, some companies have announced other corporate actions such as bonus 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, June 24, 2024:


Oberoi Realty Ltd: The company declared a final dividend of 2

 

Stocks trading ex-dividend on Tuesday, June 25, 2024:


Alkyl Amines Chemicals Ltd: The company declared a final dividend of 10

Bharat Parenterals Ltd: The company declared a final dividend of 1

Cera Sanitaryware Ltd: The company declared a final dividend of 60

Filtra Consultants and Engineers Ltd: The company declared a final dividend of 3

Tata Elxsi Ltd: The Tata Group-company declared a final dividend of 70

Voltas Ltd: The company declared a final dividend of 5.5.

 

Stocks trading ex-dividend on Wednesday, June 26, 2024:
 

Aegis Logistics Ltd: The company declared a final dividend of 2

Welspun Living Ltd: The company declared a final dividend of 0.1

 

Stocks trading ex-dividend on Thursday, June 27, 2024:
 

Supreme Petrochem Ltd: The company declared a final dividend of 7

Titan Company Limited: The company declared a final dividend of 11

 

Stocks trading ex-dividend on Friday, June 28, 2024:

 

Aeroflex Industries Ltd: The company declared a final dividend of 0.25

Andhra Petrochemicals Ltd: The company declared a final dividend of 0.25

Bajaj Holdings & Investment Ltd: The company declared a final dividend of 21

Bank of Baroda: The state-owned lender declared a dividend of 7.6

Dhampur Bio Organics Ltd: The company declared a final dividend of 2.5

GIC Housing Finance Ltd: The company declared a final dividend of 4.5

IndusInd Bank Ltd: The bank declared a final dividend of 16.5

Kalpataru Projects International Ltd: The company declared a final dividend of 4.5

Maharashtra Scooters Ltd: The company declared a final dividend of 60

Mawana Sugars Ltd: The company declared a final dividend of 4

Nippon Life India Asset Management Ltd: The company declared a final dividend of 11

REC Ltd: The state-owned company declared a final dividend of 5

RPG Life Sciences Ltd: The company declared a final dividend of 16

Swaraj Engines Ltd: The company declared a final dividend of 95

Syngene International Ltd: The company declared a final dividend of 1.25

Vaibhav Global Ltd: The company declared a final dividend of 1.5

Welspun Corp Limited: The company declared a final dividend of 5.

 

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

 

Share India Securities Ltd will undergo a stock split from 10 to 2. Shares will trade ex-split on June 27.

Avonmore Capital & Management Services Limited will undergo a stock split from 10 to 1. Shares will trade ex-split on June 28.

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.

Also Read: Tata Motors vs Bajaj Auto: Which auto stock should you bet on for long-term? Here's a 5-point analysis
 

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

Ashirwad Capital Ltd declared a bonus issue in the ratio 1:2. Shares will trade ex-bonus on June 25.

Aurionpro Solutions Ltd declared a bonus issue in the ratio 1:1. Shares will trade ex-bonus on June 27.

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.

 

Other Corporate Action:

 

Neil Industries Ltd: E.G.M. on June 24

Srestha Finvest Ltd: Right Issue of Equity Shares on June 24

SEPC Ltd: Right Issue of Equity Shares on June 25

Godawari Power & Ispat Ltd: Buy Back of Shares on June 28

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First Published:22 Jun 2024, 08:32 PM IST
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