Schaeffler India to trade ex-dividend, Pulsar International to trade ex-split next week; check full list
Dividend Stocks: Shares of companies such as Schaeffler India, Gujarat Toolroom, among others will trade ex-dividend in the coming week, starting from Monday, April 15. Along with these, some other firms will also trade ex-split, and ex-bonus, according to data on the BSE. 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 the shareholders whose names appear on the company's list by the end of the record date. Also Read: TCS Dividend: Board recommends final dividend of ₹28/equity share; check details Stovec Industries: The company declared a final dividend of ₹17 Gujarat Toolroom Ltd: The company declared an interim dividend of ₹1 Schaeffler India Ltd: The company declared a final dividend of ₹26.
Integrated Industries Ltd declared a bonus issue in the ratio 1:1. Shares will trade ex-bonus on April 16. Naapbooks Ltd declared a bonus issue in the ratio 2:1.
Shares will trade ex-bonus on April 19. Shukra Pharmaceuticals Ltd declared a bonus issue in the ratio 3:1. Shares will trade ex-bonus on April 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. For example, the company may decide to give out one bonus share for every ten shares held.
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