The week starting June 16 brings a dynamic slate of corporate actions, with several prominent companies declaring dividends, bonus issues, and stock splits.
Key names in focus include Bajaj Finance Ltd., Honeywell Automation India Ltd., Hindustan Zinc Ltd., and Tata Power Company Ltd., all of which have record dates coming up this week. Investors eyeing payouts or split benefits must track record dates closely.
To be eligible for dividends, investors should note the record date that determines shareholder eligibility.
Under India’s T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. The ex-dividend date, which precedes or is the same as the record date, marks when the share price adjusts to reflect the upcoming payout.
A stock split is a corporate action where a company increases the number of outstanding shares by reducing the face value per share. This typically enhances liquidity as the stock price adjusts accordingly. While the number of shares increases, the total investment value remains unchanged.
Similarly, a bonus issue involves a company distributing additional shares to existing shareholders for free, proportionate to their current holdings, without altering the total investment value.
Here is a look at companies that have declared dividends, bonus issues, and stock splits with key dates coming up this week.
Dividends This Week
Interim Dividend
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Hindustan Zinc Ltd. has declared an interim dividend of Rs 10 per share, with an ex-date of June 17. Investors need to purchase shares by Monday, June 16 to be eligible.
Final Dividend
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Honeywell Automation India Ltd. will pay a final dividend of Rs 105 per share, with an ex-date of June 16. The last day to buy shares and be eligible is Friday, June 13.
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LKP Securities Ltd. has announced a final dividend of Rs 0.30 per share, with an ex-date of June 16. The last day to buy shares and be eligible is Friday, June 13.
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Shankara Building Products Ltd. will pay a final dividend of Rs 3 per share, with an ex-date of June 17. Investors must purchase shares by Monday, June 16 to qualify.
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eMudhra Ltd. has announced a final dividend of Rs 1.25 per share, with an ex-date of June 18. The last day to buy shares and be eligible is Tuesday, June 17.
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Sarla Performance Fibers Ltd. will pay a final dividend of Rs 3 per share, with an ex-date of June 18. Investors must purchase shares by Tuesday, June 17 to qualify.
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Panasonic Carbon India Company Ltd. has announced a final dividend of Rs 12 per share, with an ex-date of June 19. The last day to buy shares and be eligible is Wednesday, June 18.
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Reliance Industrial Infrastructure Ltd. will pay a final dividend of Rs 3.50 per share, with an ex-date of June 19. Investors must purchase shares by Wednesday, June 18 to qualify.
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Tata Communications Ltd. has declared a final dividend of Rs 25 per share, with an ex-date of June 19. The last day to buy shares and be eligible is Wednesday, June 18.
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Tejas Networks Ltd. will pay a final dividend of Rs 2.50 per share, with an ex-date of June 19. Investors must purchase shares by Wednesday, June 18 to qualify.
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Bajaj Auto Ltd. has announced a final dividend of Rs 210 per share, with an ex-date of June 20. The last day to buy shares and be eligible is Thursday, June 19.
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Bank of India will pay a final dividend of Rs 4.05 per share, with an ex-date of June 20. Investors must purchase shares by Thursday, June 19 to qualify.
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Greenlam Industries Ltd. has declared a final dividend of Rs 0.40 per share, with an ex-date of June 20. The last day to buy shares and be eligible is Thursday, June 19.
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HDFC Life Insurance Company Ltd. will pay a final dividend of Rs 2.10 per share, with an ex-date of June 20. Investors must purchase shares by Thursday, June 19 to qualify.
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Mawana Sugars Ltd. has announced a final dividend of Rs 1 per share, with an ex-date of June 20. The last day to buy shares and be eligible is Thursday, June 19.
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Punjab National Bank will pay a final dividend of Rs 2.90 per share, with an ex-date of June 20. Investors must purchase shares by Thursday, June 19 to qualify.
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Rossari Biotech Ltd. has declared a final dividend of Rs 0.50 per share, with an ex-date of June 20. The last day to buy shares and be eligible is Thursday, June 19.
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Solitaire Machine Tools Ltd. will pay a final dividend of Rs 2 per share, with an ex-date of June 20. Investors must purchase shares by Thursday, June 19 to qualify.
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Supreme Industries Ltd. has announced a final dividend of Rs 24 per share, with an ex-date of June 20. The last day to buy shares and be eligible is Thursday, June 19.
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Swastika Investsmart Ltd. will pay a final dividend of Rs 0.60 per share, with an ex-date of June 20. Investors must purchase shares by Thursday, June 19 to qualify.
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Tata Power Company Ltd. has declared a final dividend of Rs 2.25 per share, with an ex-date of June 20. The last day to buy shares and be eligible is Thursday, June 19.
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Torrent Pharmaceuticals Ltd. will pay a final dividend of Rs 6 per share, with an ex-date of June 20. Investors must purchase shares by Thursday, June 19 to qualify.
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Transcorp International Ltd. has announced a final dividend of Rs 0.30 per share, with an ex-date of June 20. The last day to buy shares and be eligible is Thursday, June 19.
Special Dividend
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Tata Technologies Ltd. has declared a special dividend of Rs 3.35 per share, with an ex-date of June 16. The last day to buy shares and be eligible is Friday, June 13.
Stock Splits This Week
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Bajaj Finance Ltd. will split its shares from a face value of Rs 2 to Rs 1 each, with an ex-date of June 16. The last day to purchase shares and be eligible is Friday, June 13.
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Ajcon Global Services Ltd. will split its shares from a face value of Rs 10 to Rs 1 each, with an ex-date of June 20. The last day to purchase shares and be eligible is Thursday, June 19.
Bonus Issues This Week
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Bajaj Finance Ltd. has announced a bonus issue in the ratio of 4:1, with an ex-date of June 16. The last day to purchase shares and be eligible is Friday, June 13.
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