This week is packed with a flurry of corporate actions as companies have announced interim dividends and stock splits, ahead of their respective record dates next week.
Big names like Mazagon Dock Shipbuilders Ltd. and Hexaware Technologies Ltd. are distributing their interim dividends. Companies like Akme Fintrade (India) Ltd. and Kapil Raj Finance Ltd. have announced a 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.
Here is a look at companies that declared interim dividends and bonus issues and have key dates coming up this week.
Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders Ltd., a company involved in shipbuilding and repair, has an interim dividend planned for this week.
The ex-date is April 16, and the interim dividend amount is Rs 3. The record date is April 16, and the book closure start and end dates are April 11 and April 16 respectively.
The no delivery start and end dates are April 11 and April 16, with the actual payment date on April 16.
Shares of Mazagon Dock closed 2.59% higher at Rs 2,432.5 apiece on the National Stock Exchange, compared to a 1.92% advance in the benchmark Nifty on Friday.
Hexaware Technologies
Hexaware Technologies, an information technology services company, has an interim dividend planned for this week.
The ex-date is April 15 and the interim dividend amount is Rs 5.75 apiece. The record date is April 15 and the book closure start and end dates are April 11 and April 15 respectively. The no-delivery start and end dates are April 11 and April 15.
Shares of the company closed 0.39% lower at Rs 631.8 apiece on Friday.
Akme Fintrade
Akme Fintrade (India) Ltd. has planned a stock split for this week. The ex-date is April 17 and the stock split ratio is from Rs 10 to Re 1.
The record date is April 18 and the book closure start and end dates are April 11 and April 17 respectively. The no delivery start and end dates are April 11 and April 17.
Shares of Akme Fintrade ended 6.16% higher at Rs 83.9 apiece on the NSE on Friday.
Kapil Raj Finance
Kapil Raj Finance Ltd. has a stock split announced for the week. The ex-date is April 15 and the stock-split ratio is from Rs 10 to Re 1.
The record date is April 15, and the book closure start and end dates are April 11 and April 15 respectively. The no-delivery start and end dates are April 11 and April 15.
Shares of the company closed 2.93% lower at Rs 68 apiece on Friday.
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