This week, 44 stocks, including Infosys and Adani Enterprises, are set to go ex-date for various corporate actions. Investors must hold shares in their demat accounts by the record date to qualify for dividends, bonus issues, and stock splits.
The week kicks off with three companies undergoing corporate adjustments: Unified Data-Tech Solutions shares will turn ex-date for an interim dividend of Rs 5.5 per share. Ravindra Energy and Consecutive Commodities meanwhile will trade ex-date for rights issue of equity shares.
Inox India shares will trade ex-date for a final dividend of Rs 2 per share. Tata Group company Nelco meanwhile had also fixed June 9 as the record date for its final dividend of Rs 1 per share.
Several major companies turn ex-dividend, alongside a bonus issue on June 10. India's IT bellwether Infosys will turn ex-date for its final dividend of Rs 25 per share. Indian Bank and Seshasayee Paper & Board will also trade ex-record date for their respective dividends of Rs 18.25 per share and Rs 2 per share.
Friday will see 31 stocks tuning ex-record date for their respective corporate actions. These includes five Adani Group companies, namely ACC (final dividend of Rs 7.5 per share), Adani Enterprises (final dividend of Rs 1.3 per share), Adani Ports and Special Economic Zone (final dividend of Rs 7.5 per share), Adani Total Gas (final dividend of Rs 0.25 per share) and Ambuja Cements (final dividend of Rs 2 per share).
Background
Corporate actions such as dividends, bonus issues, and stock splits are crucial for investors as they can significantly impact stock prices and shareholder value. Companies often announce these actions to reward shareholders and improve liquidity.
Investors should closely monitor these corporate actions and ensure they hold the necessary shares by the record date to benefit from dividends and other adjustments. As more companies may announce similar actions, staying informed is key.
