Dividend, Bonus Stocks Today: Motherson Sumi Wiring to trade ex-bonus; Bhagiradha Chemicals, Computer Age Management Services to trade ex-dividend date
Dividend, Bonus Stocks Today: Two stocks are going to trade ex-dividend date today, November 16 and one stock will trade ex- bonus today. Dividend and Bonus are both corporate actions. A dividend is when a company pays a certain amount to the shareholders as a reward without reducing its cash balance. A portion of the company's profit is distributed to its shareholders either as an interim dividend or final dividend whereas a bonus is nothing but an additional share that a company issues to its existing shareholders for free of cost. When a bonus share is issued, the price of the stock is adjusted in the ratio of the bonus. An ex-dividend or ex-bonus date it is a cut-off date for buying stock to receive dividend, bonus or benefits of others corporate actions.
Motherson Sumi Wiring India Limited Motherson Sumi Wiring India has announced a bonus in a 2:5 ratio and has set the record date as November 17. It means that the company will give 2 additional shares for every 5 shares held. Pic: Pixabay
Bhagiradha Chemicals & Industries Limited Bhagiradha Chemicals & Industries has announced an interim dividend of Re 1 per share with a face value of Rs 10. November 17 has been set as the record date. Pic: Pixabay
Computer Age Management Services Limited Computer Age Management Services has announced an interim Dividend of Rs 8.50 per share. The face value of the stock is Rs 10. The record date is set as November 17. Pic: Pixabay