Corporate actions this week: REC, SBI Card, HUDCO to go ex-dividend, Persistent Systems ex-split and more
Aditya Vision, Crisil, HUDCO, REC, and SBI Card will trade ex-dividend, while Persistent Systems will trade ex-split this week.
On Thursday, 28 March, Aditya Vision (Rs 5.1/share), Crisil (Rs 28/share), HUDCO (Rs 1.5/share), Prithvi Exchange (Rs 2/share), R Systems International (Rs 6/share), REC (Rs 4.5/share), SBI Cards and Payment Services (Rs 2.5/share), Standard Industries (Rs 0.5/share), and Thinkink Picturez (Rs 0.1/share) will trade ex-dividend.
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 United Van Der Horst (Rs 10 to Rs 5) on Tuesday, while Dhatre Udyog ( Rs 10 to Rs 1), Lorenzini Apparels ( Rs 10 to Rs 1), and Persistent Systems ( Rs 10 to Rs 5) on Thursday will ex-split.
A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts, and the stock price will be adjusted according to the split ratio.
Shares of Lorenzini Apparels (6:11) on Thursday will also be 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
