Dividend season has gained momentum on Dalal Street. Major companies include Tata Consultancy Services (TCS), PCBL, and CESC. All companies are getting ready for the important corporate process. Many major stocks will trade ex-dividend next week, adjusting for upcoming dividend payments. Meanwhile, due to news like stock splits, bonus issues, investors are going to keep an eye on many stocks.
Stocks like TCS and PCBL are set to trade ex-dividend. TCS will pay an interim dividend of ₹10 and a special dividend of ₹36 on January 17. PCBL will trade ex-dividend with an interim dividend of ₹5.5, while CESC will do so with ₹4.5 per share on January 16. Other stocks like Vantage Knowledge Academy will also go ex-dividend, but their dividend will be of ₹0.1.
Stock splits have also been announced for some companies, such as Shardul Securities Ltd (from ₹10 to ₹2, effective January 13) and Regis Industries Ltd (from ₹10 to ₹1, effective January 16). , Jai Balaji Industries and Arunjyoti Bio Ventures will also split on January 17, which will improve the liquidity of the shares.
Major companies with bonus issues include Kitex Garments Ltd (2:1 bonus ratio) and Sattva Sukun Lifecare Ltd (3:5 bonus ratio), both with effect from January 17. These steps are aimed at providing benefits to shareholders in the form of additional shares.
GTT Data Solutions, California Software, Ultracab (India) Ltd, and Energy Infrastructure Trust have planned rights issues and income distribution in the next few days, which will further enhance the outlook for corporate actions.
As the dividend and split record dates coincide, investors holding these stocks at the end of the scheduled day will be eligible for these benefits. These activities are coming with the aim of increasing the price for the shareholders of the companies and promoting market liquidity.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.