Dividend Stocks: Marico, Sanofi India, among others to trade ex-dividend next week; check full list
Dividend Stocks: Shares of several companies, including Marico Ltd, Panchsheel Organics, Sanofi India, among others will others will trade ex-dividend in the coming week, starting from Monday, March 4. Some other companies will also trade ex-bonus and ex-split in the coming 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. DCM Shriram Limited: The company declared an interim dividend of ₹4.
Shares will trade ex-dividend on March 6. Marico Ltd: The company declared an interim dividend of ₹6.5. Shares will trade ex-dividend on March 6.
Panchsheel Organics: The company declared an interim dividend of ₹0.08. Shares will trade ex-dividend on March 7. Sanofi India Ltd: The company declared an interim dividend of ₹50.
Shares will trade ex-dividend on March 7.
Tiger Logistics (India) Ltd will undergo a stock split from ₹10 to ₹1. Shares will trade ex-split on March 4.
Capri Global Capital Limited will undergo a stock split from ₹2 to ₹1. Shares will trade ex-split on March 5. Manorama Industries Ltd will undergo a stock split from ₹10 to ₹2.
Shares will trade ex-split on March 7. 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.
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