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Business News/ Markets / Stock Markets/  Schaeffler India to trade ex-dividend, Pulsar International to trade ex-split next week; check full list
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Schaeffler India to trade ex-dividend, Pulsar International to trade ex-split next week; check full list

Dividend Stocks: Companies such Stovec Industries, Gujarat Toolroom, among others are trading ex-dividend in the coming week

Some companies are trading ex-dividend next week, while some will trade ex-bonusPremium
Some companies are trading ex-dividend next week, while some will trade ex-bonus

Dividend Stocks: Shares of companies such as Schaeffler India, Gujarat Toolroom, among others will trade ex-dividend in the coming week, starting from Monday, April 15. Along with these, some other firms will also trade ex-split, 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: TCS Dividend: Board recommends final dividend of 28/equity share; check details

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

Stocks trading ex-dividend on April 18, 2024:

Stovec Industries: The company declared a final dividend of 17

Stocks trading ex-dividend on April 19, 2024:

Gujarat Toolroom Ltd: The company declared an interim dividend of 1

Schaeffler India Ltd: The company declared a final dividend of 26.

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

Integrated Industries Ltd declared a bonus issue in the ratio 1:1. Shares will trade ex-bonus on April 16.

Naapbooks Ltd declared a bonus issue in the ratio 2:1. Shares will trade ex-bonus on April 19.

Shukra Pharmaceuticals Ltd declared a bonus issue in the ratio 3:1. Shares will trade ex-bonus on April 19.

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.

Also Read: Aster DM Healthcare declares special dividend of 118/share, stock near 52-week high-mark; check details

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

Suratwwala Business Group Ltd will undergo a stock split from 10 to Re 1. Shares will trade ex-split on April 18.

Pulsar International will undergo a stock split from 10 to Re 1. Shares will trade ex-split on April 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.

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:

Sakuma Exports Ltd: Right Issue of Equity Shares on April 15

India Infrastructure Trust: Income Distribution (InvIT) on April 16

Ashapuri Gold Ornament Ltd: Right Issue of Equity Shares on April 18

Mahalaxmi Rubtech Ltd: Spin Off on April 19

 

 

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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: 13 Apr 2024, 08:17 PM IST
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