Dividend Stocks: According to data compiled by the Bombay Stock Exchange (BSE) website, shares of many significant firms, including Jupiter Wagons Ltd, K.P. Energy Ltd, Shraddha Prime Projects Ltd, and Blue Cloud Softech Solutions Ltd, will trade ex-dividend beginning Monday, October 7.
According to BSE statistics, certain firms have declared further corporate activities such as share bonus issues, stock splits, and other corporate announcements.
The ex-dividend date is when the equity share price adjusts itself to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all the shareholders whose names appear on the company’s list by the end of the record date
Power Mech Projects Ltd: declared a bonus issue of shares at a ratio of 1:1. Shares will trade ex-bonus on October 8. A bonus issue is a corporate action that allows existing shareholders to subscribe for additional shares.
Instead of increasing the dividend payout, companies offer to distribute additional shares to the shareholders. For example, the company may give out one bonus share for every ten shares held.
Here are the stocks that will declare a stock split in the upcoming week:
Jindal Saw Ltd will undergo a stock split from ₹2 to ₹1. Shares will trade ex-split on October 9.New Light Apparels Ltd will undergo a stock split from ₹10 to ₹1. Shares will trade ex-split on October 10