Dividend, bonus stocks today, May 11: Sirca Paints, Kewal Kiran Clothing, Indiamart Intermesh shares trade ex-date
Dividend, bonus Stocks Today, May 11: Sirca Paints India, Kewal Kiran Clothing and Indiamart Intermesh traded ex-date on Thursday, May 11, according to the NSE website. Typically, the price of a stock is adjusted when a company distributes dividend. Simply put, the stock trades without the benefit of the next scheduled dividend payment on the ex-dividend date. The price and the date are called the ex-dividend price and the ex-dividend date.
When a stock trades ex-bonus, its market price is adjusted by subtracting the bonus payout. A bonus is a type of corporate action meant to reward shareholders.
(Disclaimer: The stock recommendations given here are by brokerage(s). These are not the views of Zee Business. Consult a professional advisor before making an investment decision.)
Kewal Kiran Clothing
Kewal Kiran Clothing dividend Kewal Kiran Clothing has announced an interim dividend of Rs 2 per equity share with a face value of Rs 10. The stock traded ex-dividend on May 11. The record date is also May 11. Image: Freepik/ Representational image
Indiamart Intermesh
Indiamart Intermesh dividend Indiamart Intermesh has announced a dividend of Rs 20 per equity share with a face value of Rs 10. The stock traded ex-dividend on May 11. The record date is also May 11. Image: Freepik/ Representational image
Sirca Paints India
Sirca Paints bonus share record date Sirca Paints India has fixed May 11 2023 as the record date for issuance of bonus equity shares in the proportion of 1 equity shares of Rs 10 each for every 1 existing equity shares of Rs 10. The shares traded ex-date today, May 112. Image: Freepik/ Representational image