Dividend Stocks: TCS, HCL Tech to trade ex-dividend; Chambal Fertilisers to declare buyback next week; check full list
Dividend Stocks: Shares of some companies, including Tata Consultancy Services (TCS), HCL Technologies and few others will others will trade ex-dividend in the coming week, starting from Monday, January 15. Some other companies will also trade ex-bonus, ex-split while some have announced a buy back of shares next week.
The ex-dividend date is the day on which the equity share price adjusts 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 shareholders whose names appear on the company’s list by the end of the record date.
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The following are the stocks that have declared dividend in the upcoming week:
Sukhjit Starch & Chemicals Ltd: The company declared an interim dividend of ₹8. Shares will trade ex-dividend on January 15.
HCL Technologies: The tech major declared an interim dividend of ₹12. Shares will trade ex-dividend on January 19.
TCS: The tech major declared an interim dividend of ₹9 and a special dividend of ₹18. Shares will trade ex-dividend on January 19.
The following are the stocks that have declared a bonus issue in the upcoming week:
M.K. Exim (India) Ltd declared a bonus issue in the ratio 1:2. Shares will trade ex-bonus on January 17.
SBC Exports Ltd declared a bonus issue in the ratio 1:2. Shares will trade ex-bonus on January 19.
A bonus issue is a corporate action which is an offer given to the existing shareholders of the company to subscribe for additional shares. Instead of increasing the dividend payout, the companies offer to distribute additional shares to the shareholders.
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The following are the stocks that have declared a buyback in the upcoming week:
Dhampur Sugar Mills Ltd will declare a buyback of shares on January 17.
Chambal Fertilisers & Chemicals Ltd will declare a buyback of shares on January 18.
A buyback is when a company buys back its shares from the existing shareholders. A company can announce a buyback offer either through a tender offer or through the open market or from odd-lot holders. The buyback offer price is usually higher than the market price.
Other Corporate Action:
Tata Coffee: Spin Off and Amalgamation on January 15
Rajath Finance Limited: E.G.M. on January 16
Trishakti Industries Ltd: Stock Split from Rs. 10 to Rs. 2 on January 16
Shree Ajit Pulp And Paper Ltd: Right issue of equity shares on January 18
Tinplate Company Of India Ltd: Amalgamation on January 19
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Published: 13 Jan 2024, 06:23 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.