When the stock market opens on April 3 (Wednesday), attention will be on dividend stocks including Ashok Leyland Ltd, Iykot Hitech Toolroom Ltd, Shiva Cement Ltd, and Sunrise Efficient Marketing Ltd as their respective Boards of Directors have announced significant corporate actions for eligible shareholders.
Ashok Leyland: The company has declared an interim dividend of ₹4.95 per equity share for the financial year ending 2023-24. The record date to determine eligibility for the dividend is April 3, with the payment scheduled on or before April 23.
Iykot Hitech Toolroom: The company has announced a rights issue of up to 1.41 crore fully paid-up equity shares at ₹7 per rights equity share, totaling ₹993.72 lakh.
Shiva Cement: The Board approved a rights issue of up to 10 crore fully paid-up equity shares at ₹40 per rights equity share, aggregating ₹400 crore.
Sunrise Efficient Marketing: A bonus issue in the ratio of 1:2 has been declared.
Shares of Ashok Leyland will trade ex-dividend, while shares of Iykot Hitech Toolroom and Shiva Cement will trade ex-rights on Wednesday. Sunrise Efficient Marketing’s shares will trade ex-bonus.
