For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front.
Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power Finance Corporation (PFC), Angel One, Castrol India, and NMDC.
Major dividend announcements
Power Finance Corporation – Fourth interim dividend
PFC has declared a fourth interim dividend of Rs 3.50 per equity share for the financial year 2024-25. The record date for this dividend has been set for March 19, 2025, meaning only those who hold PFC shares before this date will be eligible for the payout.
Angel One – Second Interim dividend
Online brokerage firm Angel One is rewarding its shareholders with a second interim dividend of Rs 11 per share. The company has fixed March 20, 2025, as the record date, and the dividend is scheduled to be paid on or before April 12, 2025.
Castrol India – Special and final dividend
Castrol India is offering both a special dividend of R 4.5 and a final dividend of Rs 4 per share. Investors must ensure they hold the stock before the record date of March 18, 2025, to be eligible for the payout.
IRFC – Second interim dividend announcement
The board of IRFC is set to meet on March 17, 2025, to declare its second interim dividend for FY25. The company has already fixed March 21, 2025, as the record date, meaning investors holding shares before this date will receive the dividend.
Apart from these, other companies such as AGI Infra, NMDC, Greenlam Industries, Last Mile Enterprises, Optimus Finance, Shukra Pharmaceuticals, and Softrak Venture Investment will also be trading ex-dividend this week
Stock Splits and Bonus Shares
Sika Interplant Systems
Sika Interplant Systems will undergo a 2:10 stock split on March 17, 2025.
Blue Pearl Agriventures
Blue Pearl Agriventures is set to reduce its face value from Rs 10 to Rs 1 per share. The stock will trade ex-split on March 20, 2025.
Bonus issue
Padam Cotton Yarns
Investors in Padam Cotton Yarns will receive bonus shares, as the company has scheduled its ex-date for March 18, 2025.