Stock Dividend: 7 shares to turn ex-dividend this week - PHOTOS
Stock Dividend: Around 7 stocks have fixed their record date this week.
Stock Dividend: A stock dividend is an amount that is paid in cash to shareholders by a listed company. The stock dividend is basically rewarding shareholders without reducing the cash balance of the company. When a company distributes dividends, the price of the stock falls by the same amount on given date. This price and date are called as the ex-dividend price and ex-dividend date.
An ex-date is generally a business day prior to the record date. The record date is nothing but a date that allows a company to determine the eligibility of shareholders for receiving the benefits of corporate actions like dividend, split, bonus and more.
This week, around 7 stocks have fixed their record date. Let's take a quick look at the stocks:
Stock Dividend
Coforge
IT company has announced an interim dividend of Rs 13 per share. The payout date for this dividend is November 19. Pic: Pixabay
Stock Dividend
Dabur India
Dabur has declared an interim dividend of Rs 2.5 per share and its record date is November 4. This interim dividend will be paid out by the company to the investors on November 25. Pic: Reuters
Stock Dividend
IMFA
The company has announced interim dividend at the rate of Rs 5 per share and its record date has been fixed as November 4. The dividend payout will be done in the account of investors on November 26. Pic: Reuters
Stock Dividend
Laurus Labs
Hyderabad based company has announced a dividend of 0.8 paise and its record date has been fixed on November 4. The payout date of this dividend is November 15. Pic: Pixabay
Stock Dividend
Navin Fluorine International Ltd
The company has declared interim dividend at the rate of Rs 5 per equity share and its record date has been fixed as November 4. The company will give dividend to its investors on November 17. Pic: Pixabay
Stock Dividend
TCI
The company has announced an interim dividend of Rs 2.5 per equity share. However, the record date for the company's interim dividend is November 5 and the dividend payout date is November 28. Pic: Pixabay
Stock Dividend
Vaibhav Global
The company has declared interim dividend at the rate of Rs 1.5 per equity share and its record date has been fixed as November 5. However, the dividend payout date is November 26. Pic: Pixabay