Corporate actions this week: NMDC, Jupiter Wagons to go ex-dividend, South Indian Bank right issue and more
Natco Pharma, Suprajit Engineering, NMDC, and Jupiter Wagons will trade ex-dividend, while The South Indian Bank's rights issue's ex-date is fixed this week.
On Monday, 26th February, Fineotex Chemical (Rs 1.2/share), Gateway Distriparks (Rs 0.75/share), Natco Pharma (Rs 1.25/share), Suprajit Engineering (Rs 1.1/share), and Vibrant Global Capital (Rs 1.25/share) will trade ex-dividend. While NMDC (Rs 5.75/share) will trade ex-dividend on Tuesday, 27th February.
Meanwhile, South West Pinnacle Exploration (Rs 0.25/share) and The United Nilgiri Tea Estates Company (Re 1/share) will trade ex-dividend on Wednesday, 28th February. Also, Birla Precision Technologies (Rs 0.05/share), Bodhi Tree Multimedia (Rs 0.5/share), and Jupiter Wagons (Rs 0.3/share) will trade ex-dividend on Thursday, 29th February.
The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company's list by the end of the record date will be eligible to receive dividends.
Shares of Rajshree Polypack (2:1) on Monday, DRC Systems India (2:1) on Tuesday, and Fiem Industries (1:1) on Wednesday will go ex-bonus.
A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.
Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a
