Investors, get ready for an action-packed week from March 9 to 15 as numerous significant corporate events are on the horizon. With everything from dividend distributions to stock splits and bonus share issues, this week promises to be crucial for shareholders. Renowned companies such as Bharat Electronics (BEL), Sun TV, GR Infra, and HUDCO will soon trade ex-dividend, making it essential for investors to stay informed.
Key Dividend Announcements
This week, several companies are rewarding their shareholders with interim dividends. Here’s a rundown of some notable dividend declarations to keep an eye on:
- Bharat Electronics (BEL): The defense public sector unit has announced a generous interim dividend of 150%, translating to Rs 1.50 per share, with a record date of March 11.
- GR Infraprojects: Shareholders can expect an interim dividend of Rs 12.50 per share, with the ex-dividend date set for March 13.
- Brisk Technovision: This firm will issue an interim dividend of Rs 1.40 per share, with a record date also on March 13.
- Sun TV Network: Declaring an interim dividend of Rs 2.50 per share, the ex-date is scheduled for March 13.
- HUDCO: The board will convene on March 10 to discuss a second interim dividend, which will have an ex-date of March 13 and a record date of March 14.
Stock Splits: Making Shares More Accessible
Stock splits are a strategic way for companies to make their shares more affordable while maintaining overall market capitalization. This week, the following companies are implementing stock splits:
- IOL Chemicals & Pharmaceuticals: The company will execute a 5:1 stock split, with the ex-date set for March 11.
- Mehai Technology: Announced a 10:1 stock split effective March 13.
- Shalimar Agencies: Will implement a 10:1 stock split, with an ex-date of March 13.
- Shangar Decor: Declared a 5:1 stock split, effective on March 13.
Bonus Issues: Free Shares for Shareholders
Bonus issues offer a fantastic opportunity for shareholders to receive additional shares at no cost. This week, SBC Exports is presenting a bonus issue of 1:2, meaning shareholders will earn one extra share for every two they currently own, with an ex-date of March 10.
Corporate Restructuring: Rights Issues and Demergers
Several companies are also making headway with rights issues and demergers that could affect shareholder dynamics:
- AB Infrabuild: Announced a rights issue allowing current shareholders to purchase additional shares at a discounted rate, with the ex-date of March 10.
- Vipul Organics: This company is also initiating a rights issue, effective from March 10.
- Kesoram Industries: The cement division will merge with UltraTech Cement, with the record date for this demerger set for March 10.
As an investor, staying abreast of these corporate actions can be pivotal in making informed financial decisions. Make sure to mark your calendars for these important dates and prepare for potential shifts in your investment portfolio.