Dividend Stocks: Beginning on Monday, March 11, shares of a number of businesses, including IIFL Securities Ltd. and SBI Life Insurance Company Ltd., will trade ex-dividend. In the upcoming week, a few more corporations will also trade ex-bonus and ex-split.
The day the equity share price changes to reflect the upcoming dividend payment is known as the ex-dividend date. It’s the day the stock becomes ex-dividend, meaning that from that point on, the value of its subsequent dividend payment is not carried forward. By the end of the record date, dividends are due to all shareholders whose names are included on the company’s list.
The stocks that will be paying dividends in the coming week are as follows:
SBI Life Insurance Company Ltd.: A dividend in interim was announced by the company. On March 15, the shares will trade ex-dividend.
Autoriders International Ltd.: A ₹0.5 interim dividend was announced by the business. The ex-dividend date of the shares is March 15.
IIFL Securities Ltd.: The top brokerage announced a ₹3 interim dividend. The ex-dividend date of the shares is March 15.
India Gelatine & Chemicals Ltd.: The business announced a ₹10 interim dividend. The ex-dividend date of the shares is March 15.
ISMT Ltd: A ₹0.5 interim dividend was announced by the business. The ex-dividend date of the shares is March 15.
Kirloskar Ferrous Industries Ltd.: The business announced a ₹3 interim dividend. The ex-dividend date of the shares is March 15.
Wonder Electricals Ltd.: The business announced a ₹1 interim dividend. On March 14, the shares will trade ex-dividend.
The equities that will be splitting in the coming week are as follows:
The shares of OK Play India Ltd. would be split from ₹10 to ₹1. On March 11, shares will trade ex-split.
The stock of Waaree Renewable Technologies Ltd. would be split from ₹10 to ₹2. On March 15, shares will trade ex-split.
A corporate move known as a stock split takes place when a business issues more shares in order to improve liquidity. Based on the shares that each shareholder previously held, the corporation issues more shares to them, raising the total by the designated ratio.
Two-for-1 and 3-for-1 split ratios—sometimes referred to as 2:1 or 3:1—are the most popular split ratios. This implies that each stockholder will own two or three shares following the split for each share they had before to the split.
The stocks that will be issuing bonuses in the coming week are as follows:
A bonus issue in the ratio of 1:1 was declared by Gujarat Ambuja Exports Ltd. On March 15, shares will trade ex-bonus.
M. K. Proteins Ltd. announced a 2:1 bonus issue. On March 15, shares will trade ex-bonus.
