Key Corporate Actions This Week: Highlights from Mazagon Dock, Hexaware Technologies, and More!

This week is buzzing with significant corporate developments as several prominent companies declare interim dividends and initiate stock splits. Investors should pay close attention to these announcements, especially those from Mazagon Dock Shipbuilders Ltd. and Hexaware Technologies Ltd., both of which are set to distribute interim dividends shortly. Alongside them, Akme Fintrade (India) Ltd. and Kapil Raj Finance Ltd. are gearing up for stock splits, creating a lively atmosphere in the market.

Important Dates for Investors

To ensure eligibility for dividends, shareholders must note the record dates set by these companies. Under India’s T+1 settlement system, purchasing shares on the record date won’t qualify for the dividend payout. Instead, the ex-dividend date, which occurs prior to the record date, is crucial as this is when stock prices typically adjust to reflect upcoming dividend payments.

Mazagon Dock Shipbuilders Ltd.

Interim Dividend: Rs 3 per share
Ex-Dividend Date: April 16
Record Date: April 16
Book Closure: April 11 to April 16
Share Performance: Closed at Rs 2,432.5, up by 2.59% on the National Stock Exchange (NSE)

Mazagon Dock, known for its shipbuilding and repair services, is expected to attract investor interest with its interim dividend announcement.

Hexaware Technologies Ltd.

Interim Dividend: Rs 5.75 per share
Ex-Dividend Date: April 15
Record Date: April 15
Book Closure: April 11 to April 15
Share Performance: Closed at Rs 631.8, down by 0.39% on Friday

As a leading player in the IT services sector, Hexaware’s dividend distribution highlights its commitment to shareholder returns.

Stock Splits Worth Noting

Akme Fintrade (India) Ltd.

Stock Split Ratio: Rs 10 to Re 1
Ex-Date: April 17
Record Date: April 18
Book Closure: April 11 to April 17
Share Performance: Closed at Rs 83.9, gaining 6.16% on the NSE

The decision to split shares is anticipated to enhance liquidity and attract a broader range of investors.

Kapil Raj Finance Ltd.

Stock Split Ratio: Rs 10 to Re 1
Ex-Date: April 15
Record Date: April 15
Book Closure: April 11 to April 15
Share Performance: Closed at Rs 68, down by 2.93% on Friday

Kapil Raj Finance’s stock split is another notable move this week, reflecting trends in corporate strategies to optimize shareholder value.

Conclusion

With several companies making pivotal announcements that can impact their stock performance, investors should stay informed. Be sure to mark the key dates on your calendar to take full advantage of these corporate actions. For more insights on upcoming earnings reports from major players like HUL, Nestle India, Marico, and Dabur, check out our detailed coverage.