Several companies, including IIFL Securities Ltd and SBI Life Insurance Company Ltd, are set to trade ex-dividend starting from Monday, March 11. Additionally, some companies will trade ex-bonus and ex-split during the week.
The ex-dividend date marks the adjustment of the share price to reflect the next dividend payout, signaling that the stock will no longer carry the value of its upcoming dividend payment. Dividends are payable to shareholders listed on the company’s record date.
Here are the stocks declaring dividends in the upcoming week:
- Wonder Electricals Ltd: Declared an interim dividend of ₹1, with shares trading ex-dividend on March 14.
- Autoriders International Ltd: Declared an interim dividend of ₹0.5, with shares trading ex-dividend on March 15.
- IIFL Securities Ltd: Declared an interim dividend of ₹3, with shares trading ex-dividend on March 15.
- India Gelatine & Chemicals Ltd: Declared an interim dividend of ₹10, with shares trading ex-dividend on March 15.
- ISMT Ltd: Declared an interim dividend of ₹0.5, with shares trading ex-dividend on March 15.
- Kirloskar Ferrous Industries Ltd: Declared an interim dividend of ₹3, with shares trading ex-dividend on March 15.
- SBI Life Insurance Company Ltd: Declared an interim dividend, with shares trading ex-dividend on March 15.
Additionally, the following stocks will undergo corporate actions:
- OK Play India Ltd: Will undergo a stock split from ₹10 to ₹1, with shares trading ex-split on March 11.
- Waaree Renewable Technologies Ltd: Will undergo a stock split from ₹10 to ₹2, with shares trading ex-split on March 15.
Furthermore, Gujarat Ambuja Exports Ltd declared a bonus issue in the ratio 1:1, and M. K. Proteins Ltd declared a bonus issue in the ratio 2:1. Their shares will trade ex-bonus on March 15.
Other corporate actions include E.G.M.s for Mudra Financial Services Ltd and Focus Business Solution Ltd on March 11 and March 15, respectively, a Right Issue of Equity Shares for Arunjyoti Bio Ventures Ltd on March 12, Income Distribution (InvIT) for Data Infrastructure Trust on March 14, and an Amalgamation for Canopy Finance Ltd on March 15.
