As of Monday, March 18, 2024, shares of some companies, like TVS Motor Company, will trade without dividends. These companies are public-sector undertakings (PSUs), such as Bharat Electronic Ltd. (BEL), Oil India, and Power Finance Corporation (PFC). Aside from these, the BSE lists other companies that will trade ex-split, ex-rights, and ex-bonus.
The ex-dividend date is the day that the price of a stock share changes to reflect the next dividend payment. It’s the day the stock stops being worth the amount of the next dividend payment. From that day on, it doesn’t have any value. All owners whose names were on the company’s list at the end of the record date will get dividends.
Here is a list of the stocks whose dividends are listed below:
Oil India: The company that looks for oil paid out a temporary dividend of ₹8.5. From March 18, shares will not be subject to dividends.
The big car company, TVS Motor Company, paid out an interim payment of ₹8. From March 19, shares will not be subject to dividends.
Castrol India: The business paid out a final payment of ₹4.5. On March 21, shares will trade before they get paid out.
In the case of Patanjali Foods Ltd., the company paid out a ₹6 bonus. On March 21, shares will trade before they get paid out.
BEL: The aerospace PSU paid out a ₹0.7 bonus in the middle of the year. On March 22, shares will trade before they get paid out.
PFC: The PSU paid out a ₹3 interim payout. On March 22, shares will trade before they get paid out.
The Details are as follows:
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Stocks that will trade before the payment on March 18: Oil India.
On March 19, Kama Holdings Limited, KEI Industries, Sudarshan Chemical Industries Ltd., and TVS Motor Company stocks will trade without dividends.
AGI Infra Ltd. and Axtel Industries Ltd. will trade without a dividend on March 20.
Castrol India, Ksolves India Ltd., and Patanjali Foods Ltd. are some of the stocks that will trade without dividends on Thursday, March 21.
The following stocks will trade without dividends on Friday, March 22: BEL, Mishra Dhatu Nigam Ltd., and PFC.
Here are the stocks that have said they will split their shares next week:
Tine Agro Ltd. will split its shares from 10 to 1 naira. On March 18, shares will trade before they are split.
The stock of Colab Cloud Platforms Ltd. will be split in half, from ₹10 to ₹2. On March 19, shares will trade before they are split.
The number of shares in Refex Industries Limited will be split in half, from 10 to 2. On March 22, shares will trade before they are split.
In order to make more money, a company may increase the number of shares it issues. This is called a stock split. The company gives shareholders more shares, which raises the total number of shares by a certain percentage based on how many shares the owners already own.
Even though the number of outstanding shares goes up by a certain number, the value of all outstanding shares stays the same (in rupees). This is because a split doesn’t change the value of the company. The most common split rates are 2:1 or 3:1, which stand for “two to one” or “three to one.” People who owned shares before the split will now own two or three shares for every share they owned before the split.
Here are the stocks that have said they will have a bonus issue next week:
Tine Agro Ltd. made a bonus offer of one to one. On March 18, shares will trade without the bonus.
Colab Cloud Platforms Ltd. told the market about a bonus problem with a 1:1 ratio. On March 19, shares will trade without the bonus.
In a 6:1 split, Kesar India Ltd. announced a bonus issue. On March 19, shares will trade without the bonus.
The ratio of the bonus issue by Rama Steel Tubes Ltd. to the shares was 2:1. On March 19, shares will trade without the bonus.
The company Advani Hotels & Resorts (India) Ltd. announced a bonus issue with a 2:1 ratio. On March 20, shares will trade without the bonus.
Paisalo Digital Ltd. brought out an extra issue with a 1:1 ratio. On March 20, shares will trade without the bonus.
People who already own shares in a company are offered the chance to buy more shares through a business action called a bonus issue. If companies want to increase their dividends, they offer to give owners more shares instead. If ten shares are owned, the company might decide to give out one bonus share.
What companies do:
Tierra Agrotech Ltd: Offering of Shares in the Company on March 18
Rajath Finance Limited will hold an EGM on March 19.
Shares of Dwarikesh Sugar Industries Ltd. will be bought back on March 20.
Eastern Sugar & Industries Ltd.: March 20, E.G.M.
The EGM for Kakatiya Cement Sugar & Industries Ltd. will be held on March 20.
Mishtann Foods Ltd: The Right Time to Give Out Shares of Stock on March 20
The E.G.M. for Roni Households Ltd. is on March 20.
The E.G.M. for Andhra Cements Ltd. is on March 21.
On March 21, Alfavision Overseas (India) Ltd. held an E.G.M.
Income Distribution (InvIT) from the IndInfravit Trust on March 21
VIPL Ltd.: AGM on March 21
The AGM for Ambar Protein Industries Ltd. will be held on March 22.
The E.G.M. for Padmanabh Alloys & Polymers Ltd. is on March 22.
The next meeting of Raconteur Global Resources Ltd. is on March 22.