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 Hexaware Technologies, AGI Infra, Valiant Communications, Narmada Macplast Drip Irrigation Systems Ltd, among others. Shares of Hexaware Tech will trade ex-dividend on Oct. 10.
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 Nifty 50 and Sensex ended a volatile trade session higher on Friday. The NSE Nifty PSU Bank emerged as the top sectoral index while the NSE Nifty Defence declined the most. Broader markets ended on a mixed note. NSE Nifty Midcap 150 ended 0.37% higher, while the NSE Nifty Smallcap 250 ended 0.01% down.
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