Rs 7 Dividend, 1:10 Stock Split, 4:1 Bonus Issue: Several listed companies are turning ex-date today, December 19, for dividends, bonus issues, stock splits and regulatory developments. Investors holding shares before the ex-date are eligible for the announced corporate actions.
Here is the list of stocks turning ex-date today.
1/6Can Fin Homes turns ex-date today for an interim dividend of Rs 7 per share. Eligible shareholders will receive the cash payout. Interim dividends are announced during the financial year, ahead of the final dividend declaration.
2/6Dr Lal PathLabs goes ex-date today for its 1:1 bonus issue. Shareholders will receive one additional equity share for every share held. Bonus issues increase the number of outstanding shares without changing the overall investment value.
3/6Space Incubatrics Technologies turns ex-date today for a stock split. The face value of the share will be reduced from Rs 10 to Rs 1. Stock splits are typically aimed at improving liquidity and increasing retail participation by lowering the share price.
4/6Unifinz Capital India goes ex-date today for its 4:1 bonus issue. Shareholders will be entitled to four additional shares for every one share held. Such moves are generally intended to reward investors and enhance market liquidity.
5/6The ex-date is the day from which a stock trades without the benefit of a declared corporate action. Investors must buy shares before the ex-date to qualify for dividends, bonus shares or stock split benefits.
6/6The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.