On Monday, 8 April, Indian Metals & Ferro Alloys (Rs 15/share), Prima Plastics (Rs 2/share), and Sun TV Network (Rs 3/share) will trade ex-dividend. Meanwhile, on Wednesday, 10 April, DCM Shriram Industries (Rs 2/share) and Vesuvius India (Rs 12.75/share) will trade ex-dividend.
Goodluck India (Rs 2/share), Mold-Tek Packaging (Rs 2/share), Mold-Tek Technologies (Rs 2/share), and SH Kelkar and Company (Rs 0.75/share) will trade ex-dividend on Friday, 12 April.
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 Sprayking (Rs 10 to Rs 2) on Friday 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 Promax Power (1:1) on Monday, while Grauer & Weil (India) (1:1) on Wednesday 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 shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.
The bonus shares once allotted will rank pari‐passu in all respects and carry the same rights as the existing equity shares and will be entitled to participate in full in any dividend and other corporate actions recommended.