October 22, 2023
New Delhi, India
Stocks to watch this week: Dividends, Stock Splits and more:
Investors and stock market enthusiasts need to stay informed about upcoming corporate actions that can significantly impact their investments. In this article, we’ll provide an overview of three key aspects to watch in the coming weeks: dividends, bonus issues, and stock splits.
Fact for newbies: What are Stock Splits?
Dividends:
Dividends are a crucial aspect of stock market investing, indicating how much a company pays to its shareholders per share. Let’s look at some key companies with upcoming ex-dividend dates:
Infosys Ltd:
India’s second-largest IT company is offering an interim dividend of Rs 18 per share. This represents a substantial 360 percent payout relative to the face value of Rs 5. Investors should note that the ex-dividend date for Infosys is set for October 25, 2023.
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Ksolves India Ltd:
This company, engaged in software development and IT solutions, is declaring an interim dividend of Rs 7 per share. It equals a 70 percent payout compared to its face value of Rs 10. Ksolves India’s ex-dividend date is October 26, 2023.
TCI Express Ltd:
A cargo logistics company known for time-definite solutions, TCI Express is offering an interim dividend of Rs 1.5 per share, representing a 150 percent payout based on its face value of Rs 2. The ex-dividend date for TCI Express is also on October 26, 2023.
Bonus Issues:
Some companies are opting for bonus issues, where existing shareholders receive additional shares instead of increased dividend payouts.
Two companies declaring bonus issues are:
Maruti Interior Products Ltd:
It has announced a bonus issue in a 1:1 ratio, and shares will trade ex-bonus on October 27.Shri Venkatesh Refineries Ltd: This company is also declaring a bonus issue in a 1:1 ratio, with shares trading ex-bonus on October 27.
Stock Splits:
Stock splits are corporate actions aimed at increasing share liquidity. Companies issue additional shares to shareholders in specific ratios.
Here are a few companies undergoing stock splits:
Jay Bharat Maruti Ltd:
The stock will undergo a split from ₹5 to ₹2, and shares will trade ex-split on October 26.BCL Industries Ltd: This company will undergo a stock split from ₹10 to ₹1, with shares trading ex-split on October 27.
Shashijit Infraprojects Ltd:
This company is splitting shares from ₹10 to ₹2, with ex-split trading scheduled for October 27.Talbros Automotive Components Ltd: The company’s shares will undergo a stock split from ₹10 to ₹2 on October 27.
Conclusion:
In summary, these corporate actions are essential for investors to monitor, as they can impact stock values and investment strategies. Whether you’re looking for dividends, bonus issues, or stock splits, understanding these financial moves is crucial in the dynamic world of stock trading.
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
