Corporate Actions This Week — BEL, G R Infraprojects, Sun TV Network Record Dates
These stock will trade ex-dividend this week — check ex-dates here.
Several companies announced interim dividends and stock split, ahead of their respective record dates next week. Bharat Electronics Ltd., G R Infraprojects Ltd., and Sun TV Network Ltd. have declared interim dividends for financial year 2025, while IOL Chemicals and Pharmaceuticals Ltd. has set a record date for its stock split.
To be eligible for dividends, investors should take note of the record date, which determines shareholder eligibility. Under India's T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. The ex-dividend date, which falls before the record date, marks when the share price adjusts to reflect the upcoming payout.
A stock split is a corporate action where a company increases the number of outstanding shares by reducing the face value per share. This typically enhances liquidity as the stock price adjusts accordingly. While the number of shares increases, the total investment value remains unchanged.
Here is a look at companies that declared interim dividends and have key dates coming up this week.
Bharat Electronics
Bharat Electronics has declared an interim dividend of Rs 1.50 per equity share of face value Rs 1 for the financial year 2025. The record date for shareholder eligibility is set for March 11. Previously, the company announced a final dividend of Rs 0.80 in August 2024.
G R Infraprojects
G R Infraprojects has declared an interim dividend of Rs 12.50 per equity share of face value Rs 5 for the financial year 2025. The record date for shareholder eligibility is set for March 13.
Sun TV Network
Sun TV Network approved and declared an interim dividend of Rs 2.50 per equity share of face value Rs 5 for the financial year 2025. The record date for shareholder eligibility is set for March 13.
IOL Chemicals and Pharmaceuticals
IOL Chemicals and Pharmaceuticals has set March 11 as the record date for the subdivision of equity shares. Each fully paid-up equity share of face value Rs 10 will be split into five fully paid-up equity shares of face value Rs 2.
