Dividend Stocks: TCS, HCL Tech to trade ex-dividend; Chambal Fertilisers to declare buyback next week; check full list
Dividend Stocks: Shares of some companies, including Tata Consultancy Services (TCS), HCL Technologies and few others will others will trade ex-dividend in the coming week, starting from Monday, January 15. Some other companies will also trade ex-bonus, ex-split 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. Also Read: DMart Q3 Results: Avenue Supermarts net profit rises 17% to ₹691 crore, revenue up 17% YoY
Sukhjit Starch & Chemicals Ltd: The company declared an interim dividend of ₹8.
Shares will trade ex-dividend on January 15. HCL Technologies: The tech major declared an interim dividend of ₹12. Shares will trade ex-dividend on January 19.
TCS: The tech major declared an interim dividend of ₹9 and a special dividend of ₹18. Shares will trade ex-dividend on January 19.
M.K. Exim (India) Ltd declared a bonus issue in the ratio 1:2.
Shares will trade ex-bonus on January 17. SBC Exports Ltd declared a bonus issue in the ratio 1:2. Shares will trade ex-bonus on January 19.
A bonus issue is a corporate action which is an offer given to the existing shareholders of the company to subscribe for additional shares. Instead of increasing the dividend payout, the companies offer to distribute additional shares to the shareholders. Also Read: FPIs invest ₹3,864 crore in Indian equities so far in January; Will inflows sustain in 2024? Dhampur Sugar Mills Ltd will
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