Hexaware Technologies, CyberTech Systems and Software, Julien Agro Infratech, etc, will trade ex-dividend this week. Apart from that, there are several companies that will be declaring a range of corporate actions, such as bonus issues, stock splits, share buybacks, and more.
What is an ex-dividend stock?
The date on which the equity share price adjusts to reflect the upcoming dividend payment is referred to as the ex-dividend date. When a stock goes ex-dividend, it indicates that the stock no longer reflects the value of its forthcoming dividend payment starting from that date.
Dividends are distributed to all shareholders whose names are listed by the end of the record date.
Dividend and corporate actions on October 06
Ashnisha Industries will trade ex-date for the right issue of equity shares on Monday, October 06. Other stock, CyberTech Systems and Software, will trade ex-dividend. The company will pay out a special dividend of Rs 20 to its shareholders.
Julien Agro Infratech will trade ex-date for a bonus issue. The company will be paying out a bonus share to every shareholder in the ratio of 1:1.
Sigma Solve will be splitting the stock. The company’s share with a face value of Rs 10 will be split into 10 shares of Re 1 each.
Dividend and corporate actions on October 07
Sayaji Industries is the only stock to declare a corporate action on Tuesday, October 07. The company will be trading ex-date for a bonus issue. The company will be giving one extra share to shareholders who possess 3 equity shares.
Dividend and corporate actions on October 10
As per the data on BSE, there are no corporate actions lined up by the companies on October 08 and 09. Hexaware Technologies will be trading ex-dividend on Friday, October 10. The company will be paying out an interim dividend of Rs 5.75 to its shareholders. Apart from that, Rashtriya Chemicals and Fertilizers will be paying out a final dividend of Rs 1.3 per equity share.
AGI Infra will be splitting the equity stock from a face value of Rs 5 to Re 1.
Narmada Macplast Drip Irrigation Systems will be issuing a bonus share in a ratio of 1:1, while the company will split the stock. The stock’s face value will be brought down from Rs 10 to Rs 2, which means a current shareholder will get 5 equity shares for possessing 1 equity share.
Valiant Communications will trade ex-date as it is issuing a bonus share to its shareholders. The bonus issue will be done in a ratio of 1:2.