Investors, gear up. This week (March 9-15) is packed with full of key corporate actions, from dividend payouts to stock splits and bonus issues. Several well-known companies, including Bharat Electronics (BEL), Sun TV, GR Infra, and HUDCO, are set to trade ex-date.
Let’s take a look into the details of what is happening and how it might impact investors.
Dividends: Payouts to watch
Several companies have announced interim dividends, rewarding shareholders with cash payouts. Here’s a snapshot of some key dividend announcements scheduled this week-
Bharat Electronics (BEL): The defence PSU has declared an interim dividend of 150% (Rs 1.50 per share) with March 11 as the record date.
GR Infraprojects: Shareholders will receive an interim dividend of Rs 12.50 per share. The ex-date is set for March 13.
Brisk Technovision: This company will pay Rs 1.40 per share as an interim dividend, with March 13 as the record date.
Sun TV Network: Declared an interim dividend of Rs 2.50 per share, with the ex-date on March 13.
HUDCO: The board is set to meet on March 10 to consider a second interim dividend, with March 13 as the ex-date and March 14 as the record date.
Stock Splits: More shares, same value
Stock splits make shares more affordable by increasing the number of outstanding shares while reducing the price per share proportionally. Several companies have announced stock splits this week. This include-
IOL Chemicals & Pharmaceuticals: The company will split its shares in a 5:1 ratio, with March 11 as the ex-date.
Mehai Technology: Announced a 10:1 stock split, effective from March 13.
Shalimar Agencies: Shares will be split in a 10:1 ratio, with March 13 as the ex-date.
Shangar Decor: Declared a 5:1 stock split, effective March 13.
Bonus Issues: Extra shares for free
A bonus issue is when companies reward existing shareholders with additional shares at no extra cost. This week, one company is offering a bonus issue:
SBC Exports: The company announced a 1:2 bonus issue, meaning shareholders will receive one additional share for every two they hold. The ex-date is set for March 10.
Rights Issues and Demergers: Key corporate moves
AB Infrabuild: The company has announced a rights issue, allowing existing shareholders to buy additional shares at a discounted price. March 10 is the ex-date.
Vipul Organics: Also announced a rights issue, effective March 10.
Kesoram Industries Demerger: The cement business of Kesoram Industries will be merged into UltraTech Cement, with March 10 as the record date for the demerger process.