Money is money! Next week these companies will give dividend and bonus shares and these stocks will be split, know when is the record date.
Business News Desk – Additional earnings can be made through dividends in the stock market. Here we list those stocks which have declared dividends and which are going to be in focus in the next week. Apart from this, information is also given here about those shares in which corporate actions like bonus issue and stock split are going to take place. The list includes companies like Wipro, Can Fin Homes, Phoenix Township Limited, Araya Lifespaces and Diamond Power Infrastructure.
Stocks trading without dividends next week
Indo US Bio-Tech Limited: Shares of the company will trade without dividend on 03 December 2024. The company has declared an interim dividend of Rs 0.25 per share, the record date of which is December 03. Can Fin Homes shares will trade ex-dividend on 04 December 2024. The company has declared an interim dividend of ₹6.00 per share with record date of December 04. Phoenix Township shares will trade ex-dividend on December 06, 2024. The company has declared an interim dividend of Rs 0.10 per share with record date of December 06.
Details related to bonus issue next week
Apart from this, shares of Raju Engineers, Wipro and Consequential Investment and Trading Company will also be in focus. These companies have announced bonus issues. Raju Engineers will issue a bonus issue in the ratio of 1:3, Wipro in the ratio of 1:1 and Consequential Investment and Trading Company in the ratio of 1:1. 02 Dec 2024 is the ex-trade date and record date for Raju Engineers shares. Apart from this, X-Trade and record date has been fixed for Wipro on 03 December 2024.
These companies will do stock split
Diamond Power Infrastructure has announced a stock split in the ratio of 1:10. The record date to decide the eligibility of shareholders has been fixed as December 3, 2024.
The equity shares of Araya Lifespace will be divided in the ratio of 10:1. This means that each share with face value of ₹10 will be divided into 10 shares of ₹1 each. The company’s board has set December 6 as the record date to decide the eligibility of shareholders.
When will you get profit on purchase?
To be eligible for the dividend, investors must purchase the stock one day before the ex-dividend date. This means that only those who buy shares two trading days before the record date will get the benefit of dividend. The ex-dividend date or “ex-date” is usually one trading day before the record date. Investors who buy stocks on or after the ex-dividend date will not receive dividend payments.
