Corporate Actions This Week: Dividends, Stock Splits, and Rights Issues from Key Companies
Several companies, including Mazagon Dock Shipbuilders and RITES, are scheduling dividends, stock splits, and bonus issues this week.
This week, multiple companies have lined up key corporate actions such as dividends, stock splits, and rights issues, including Mazagon Dock Shipbuilders, Multi Commodity Exchange of India, RITES, and Dixon Technologies. The article outlines the scheduled corporate actions with important record dates for shareholders.
There is no corporate action scheduled on Monday, September 16, 2024.
On Tuesday, September 17, 2024, Edelweiss Financial Services Ltd will pay a dividend of Rs 1.5 per share. Its book closure is from September 18 to September 26, 2024. Garware Hi-Tech Films Ltd will provide a dividend of Rs 10 per share with a face value of Rs 10 on the record date of September 17. J Kumar Infraprojects Ltd is set to distribute a dividend of Rs 4, with book closure scheduled from September 18 to September 24, 2024.
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Wednesday, September 18, 2024, will see corporate actions by Allcargo Logistics Ltd (Rs 1 per share), Apollo Pipes Ltd (Rs 1 per share), and Container Corporation of India Ltd (Rs 2.5 per share). Dixon Technologies (India) Ltd will offer a dividend of Rs 5 per share, and KNR Constructions Ltd will pay Rs 0.25 per share. All these actions are based on a record date of September 18.
On Thursday, September 19, 2024, APL Apollo Tubes Ltd will give Rs 5.5 per share in dividends, while Gujarat Alkalies & Chemicals Ltd will offer Rs 13.85. Hindustan Copper Ltd will distribute Rs 0.92, and Mazagon Dock Shipbuilders Ltd will give Rs 12.11 per share. Multi Commodity Exchange of India Ltd will offer a dividend of Rs 7.64. Stock splits and bonuses include Nandan Denim Ltd’s stock split at a ratio of 10:1, Saksoft Ltd’s bonus issue at a 1:4 ratio, and Olectra Greentech Ltd’s dividend of Rs 0.4 per share. Steel Authority of India Ltd will pay Rs 1 per share, and PTC India Ltd will give a dividend of Rs 7.8.
On Friday, September 20, 2024, RITES Ltd will distribute Rs 5 per share and issue a 1:1 bonus. Ambika Cotton Mills Ltd will pay Rs 35 per share, while Apex Frozen Foods Ltd will offer Rs 2 per share. Stock splits include Fedders Holding Ltd’s 10:1 ratio, and bonus issues from Mindteck (India) Ltd and Phoenix Mills Ltd at a 1:4 and 1:1 ratio, respectively. National Aluminium Company Ltd will pay Rs 2 per share.
These actions highlight the busy corporate action schedule for shareholders next week.
Disclaimer: The article is for informational purposes only and not investment advice.