Investors should take note as over 150 companies, including IRCTC and BEML, have set record dates for dividends and stock splits this week. These corporate actions are scheduled from September 21 to September 25, 2023, and investors must hold shares in their demat accounts by these dates to be eligible.
On September 21, around 55 companies, including Bharat Dynamics and Dixon Tech, will turn ex-dividend. Maharashtra Scooters leads with a dividend of Rs 160 per share. Other notable payouts include Bajaj Holdings at Rs 65 per share and Southern Gas at Rs 60 per share. Dixon Technologies and Monte Carlo Fashions will pay Rs 10 and Rs 20 per share, respectively.
September 22 will see over 50 companies, such as IRCTC and BEML, trading ex-dividend. GOCL Corporation tops the list with a Rs 30 per share dividend, followed by BEML at Rs 12.28 per share. National Peroxide will distribute Rs 7 per share, while several others, including Mallcom (India) and Kilburn Engineering, will pay Rs 3 per share.
On September 23, more than 40 companies, including GMDC, will trade ex-dividend. GMDC offers the highest payout of Rs 9.5 per share. Tyche Industries and Goodluck India will pay Rs 3.5 and Rs 3 per share, respectively. Other notable companies include Steel Strips Wheels and Asahi Songwon Colors, each distributing Rs 1.5 per share.
Thursday, September 24, will be quieter with only two companies, Engineers India and Adtech Systems, setting record dates for dividends of Rs 2.5 and Rs 1.1 per share, respectively.
September 25 will see six stocks, including Sri Lotus Developers, turning ex-date. Additionally, Midwest Energy and Naturite Agro Products will undergo stock splits of 1:10 and 1:2, respectively.
Background
The week's corporate actions highlight the ongoing trend of companies rewarding shareholders through dividends and stock splits. Investors should stay informed on these dates to capitalize on potential earnings.
The week's corporate actions highlight the ongoing trend of companies rewarding shareholders through dividends and stock splits. Investors should stay informed on these dates to capitalize on potential earnings.
