- Nestle India announces its first-ever bonus issue with record date this week
- Key companies with record dates include Britannia, Hyundai Motor, and Hindalco
- Record dates determine eligibility for dividends, bonus shares, or stock splits
Dividend, Stock Split, Bonus Issues This Week: The coming week brings a slew of corporate actions, with record dates lined up for companies that have declared dividends and bonus issues. Investors eyeing dividend payouts or stock-split benefits must keep a close watch on the dates to ensure eligibility.
To be eligible for dividends and bonus issues, investors should note the record date that determines the shareholder eligibility. Under India's T+1 settlement cycle, shares purchased on the record date itself will not qualify for the payment.
The ex-date, which precedes the record date, is when the share price adjusts to reflect the upcoming payout. Here's a look at the companies that declared corporate actions and have key dates coming up this week.
Corporate Actions: Dividend, Stock Splits, Bonus Issues This Week
Key names in focus this week include Britannia Industries, Hyundai Motor India, Paras Defence and Space Technologies, Nestle India, VA Tech Wabag Ltd, Dr. Lal PathLabs Ltd, Ceat Ltd, Hindalco Industries, Mankind Pharma, Indian Oil Corporation, Gail (India) Ltd, Berger Paints India Ltd, among others.
The record date determines the eligible shareholders who will receive the dividend payment, bonus shares, or stock split. The ex-date, which mostly coincides with the record date, marks when the share price adjusts to reflect the corporate action. Dividends are a way for companies to reward their shareholders.
Domestic equity benchmarks Sensex and Nifty 50 settled lower on Friday, Aug. 1, logging their fifth straight weekly loss - the longest losing streak in two years. The frontline indices mirrored global risk-off sentiment triggered by weak international cues and sustained foreign capital outflows. Sensex dropped 863.18 points or 1.05%, and Nifty fell 271.65 points or 1.09% in the last five trading sessions.
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