Dividend Stocks: BPCL, Hindustan Zinc, among others to trade ex-dividend next week; check full list
Dividend Stocks: Shares of three major public-sector undertakings (PSUs) will trade ex-dividend in the coming week, starting from Monday, December 11. Some other companies will also trade ex-split and ex-bonus, while some have announced a buy back of shares next week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.
It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all shareholders whose names appear on the company's list by the end of the record date. Bharat Petroleum Corporation Ltd (BPCL): The PSU declared an interim dividend of ₹21.
Shares will trade ex-dividend on December 12. Hindustan Zinc: The PSU declared an interim dividend of ₹6. Shares will trade ex-dividend on December 14.
Rashtriya Chemicals & Fertilisers Ltd: The PSU declared an final dividend of ₹3.7. Shares will trade ex-dividend on December 14. Also Read: FPIs pump ₹26,505 crore in Indian equities in December, turn net buyers after 3 months; What led to trend reversal? Sudev Industries Ltd will undergo a stock split from ₹10 to ₹5.
Shares will trade ex-split on December 11. Teamo Productions HQ Ltd will undergo a stock split from ₹10 to ₹1. Shares will trade ex-split on December 14.
A stock split is a corporate action and happens when a company increases the number of its shares to boost the liquidity. The company issues additional shares to shareholders, increasing the total by the specified ratio based on the shares they held previously. The most common split ratios are 2-for-1 or 3-for-1 (sometimes denoted as 2:1 or 3:1).
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