Bonus issues, stock splits, dividends: Infosys, Asian Paints among over 40 stocks turning ex-date this week
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AgenciesTo be eligible for these corporate actions, investors must hold the shares in their demat accounts on the respective record dates. The list is tentative, as more companies may announce record dates for dividends, bonus issues and stock splits during the week.
Here is the day-wise list of corporate actions to watch out for this week:
November 2 (Monday)
Anlon Technology Solutions, which is engaged in the business of providing engineering services, training, consultancy, advisory, and research & development services, has fixed Monday as the record date for its bonus issue in the ratio of 2:5. This means that every shareholder will get two bonus shares for every five held in the company as on the record date.
Additionally, Colgate Palmolive (India) will pay an interim dividend of Rs 24 per share, with Monday as the record date. Other dividend stocks which have fixed Monday as the record date include Pitti Engineering (Rs 2 per share), Route Mobile (Rs 4 per share) and Tanla Platforms (Rs 6 per share).
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November 3 (Tuesday)
IT major Infosys had announced an interim dividend of Rs 26 per share while announcing its Q2 results earlier this month, fixing November 3 as the record date to determine the eligibility of shareholders set to receive the payment. The said dividend will be paid on November 11.
The dividend announcement comes after the company announced a final dividend of Rs 25 per share in June this year and an interim dividend of Rs 23 per share last year. Before that, it announced a final dividend of Rs 22 per share in May.
Mazagon Dock Shipbuilders meanwhile will pay an interim dividend of Rs 5 per share, while RR Kabel will pay Rs 6.5 per share. Other stocks turning ex-record date on November 3 include Gravita India (Rs 7.7 per share) and Sasken Technologies (Rs 12 per share).
November 4 (Wednesday)
Coal India has fixed Wednesday as the record date for its interim dividend of Rs 10.25 per share. Asian Paints has also fixed Wednesday as the record date for its interim dividend of Rs 5.75 per share.
Other stocks turning ex-record date for their respective dividend payments on Wednesday include Anzen India Energy Yield Plus Trust, Godrej Consumer Products, Prarush Technologies (Re 1 per share), Privi Speciality Chemicals (Rs 5 per share), Silver Touch Technologies (Rs 0.1 per share), Symphony (Rs 2 per share) and Vaibhav Global (Rs 1.5 per share).
Suvidha Infoserve has fixed Wednesday as the record date for its rights issue, while Concord Biotech will turn ex-record date for a bonus issue in the ratio of 1:1.
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November 5 (Thursday)
Sanofi India has fixed Thursday as the record date for a hefty interim dividend of Rs 75 per share. Birlasoft will also turn ex-record date to determine the eligibility of shareholders for an interim dividend of Rs 3 per share.
Meanwhile, Gujarat Natural Resources has scheduled Thursday as the record date for a 1:10 stock split. Other stocks turning ex-record date for their respective dividend payments on Thursday include Engineers India and Sun TV Network.
November 6 (Friday)
A busy end to the week will see Naukri-parent Info Edge turn ex-record date for an interim dividend of Rs 3 per share. Care Ratings has fixed Friday as the record date for its interim dividend of Rs 10 per share, while Sundram Fasteners will pay an interim dividend of Rs 4.05 per share.
On the corporate restructuring front, Knowledge Marine & Engineering Works will undergo a 5:1 stock split. Several other notable companies have fixed Friday as the record date for their interim dividends, including Kaveri Seed Company (Rs 5 per share), Cyber Media Research & Services (Rs 2 per share), Laurus Labs (Re 1 per share), Manba Finance (Rs 0.25 per share), and Qgo Finance (Rs 0.15 per share).
Additionally, Power Grid Corporation of India, Ramkrishna Forgings, Crizac, Gabriel India, Gopal Snacks, Indus Infra Trust, and Knowledge Realty Trust will also turn ex-record date for their respective dividend payments on Friday.