Stocks approaching ex-date this week

Read on to know which stocks will be in focus on account of approaching their ex-date for bonuses and dividends during the week.

Corporates with good governance policy regularly distribute dividends to equity shareholders. Dividends are a means of distributing the company’s profits with the shareholders. Listed companies that are fundamentally strong and have a positive outlook payout dividends. Whenever a dividend is approved, the company also announces ex-dividend and record date. These dates are important for investors as many stocks turn volatile because of dividend payout.

An ex-dividend date for a stock is usually set one business day before the record date. If an investor purchases a stock on its ex-dividend date or after, he will not receive the next dividend payment. Instead, the seller gets the dividend. An investor gets the dividend if he purchases before the ex-dividend date.

Here are major companies that are expected to witness investor interest as they near their ex-date for their recently announced dividends or bonus shares.