Dividend Stocks: IRCTC, Oil India, Power Grid, RITES, among others to trade ex-dividend next week; Full list here

Dividend Stocks: Shares of several major companies and public sector undertakings (PSUs) including Oil India, Power Grid Corporation of India, DCM Shriram, Indian Railway Catering and Tourism Corporation (IRCTC), among others, will trade ex-dividend in the coming week, starting from Monday, November 11, 2024. According to BSE data, some companies have announced other corporate actions, such as stock splits.

The ex-dividend date is when the equity share price of the firm adjusts to reflect the next dividend payout rate. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all company shareholders whose names appear on the company's list by the end of the record date.

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The following are the stocks that have declared dividend in the upcoming week:
 

Stocks trading ex-dividend on Monday, November 11, 2024:

DCM Shriram Limited: The company declared an interim dividend of ₹2

T D Power Systems Ltd: The company declared an interim dividend of ₹0.6

Stocks trading ex-dividend on Tuesday, November 12, 2024:

D-Link (India) Ltd: The company declared an interim dividend of ₹5

Indraprastha Gas Ltd (IGL): The gas distributor declared an interim dividend of ₹5.5

Indian Railway Finance Corporation (IRFC): The railway PSU declared an interim dividend of ₹0.8

PDS Ltd: The company declared an interim dividend of ₹1.65

Stocks trading ex-dividend on Thursday, November 14, 2024:

Aptus Value Housing Finance India Ltd: The company declared an interim dividend of ₹2

Amara Raja Energy & Mobility Ltd: The company declared an interim dividend of ₹5.3

Astral Ltd: The company declared an interim dividend of ₹1.5

Container Corporation of India (CONCOR): The PSU declared an interim dividend of ₹3.24

Gretex Corporate Services Ltd: The company declared an interim dividend of ₹0.3

Indian Metals & Ferro Alloys Ltd: The company declared an interim dividend of ₹10

IRCTC: The railway arm declared an interim dividend of ₹4

K.P. Energy Ltd: The company declared an interim dividend of ₹0.2

KP Green Engineering Ltd: The company declared an interim dividend of ₹0.2

KPI Green Energy Ltd: The company declared an interim dividend of ₹0.2

Oil India: The oil explorer declared an interim dividend of ₹3

Page Industries Ltd: The company declared an interim dividend of ₹250

Power Grid Corporation: The power major declared an interim dividend of ₹4.5

QGO Finance Ltd: The company declared an interim dividend of ₹0.15

RITES Ltd: The company declared an interim dividend of ₹1.75

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The following are the stocks that have declared a stock split in the upcoming week:

Wonder Electricals Ltd will undergo a stock split from ₹10 to ₹1 on November 12

Contil India Ltd will undergo a stock split from ₹10 to ₹2 on November 14

Jost's Engineering Co. Ltd will undergo a stock split from ₹2 to ₹1 on November 14

JTL Industries Ltd will undergo a stock split from ₹2 to ₹1 on November 14

A stock split is a corporate action that occurs when a company issues additional shares to shareholders to boost liquidity. The total number of shares issued is increased by a specified ratio based on the shares held previously.

However, if the number of shares outstanding increases by a specific multiple, the total value (in rupees) of all shares outstanding remains the same because a split does not change the company's value. The most common split ratios are 2-for-1 or 3-for-1 (denoted as 2:1 or 3:1). For every share held before the split, each stockholder will have two or three shares, respectively, after the split.

The following are the stocks that have declared a bonus issue in the upcoming week:

Bajaj Steel Industries Ltd declared a bonus issue in the ratio 3:1. Shares will trade ex-bonus on November 12.

Worth Investment & Trading Co Ltd declared a bonus issue in the ratio 3:2. Shares will trade ex-bonus on November 14.

A bonus issue is a corporate action that offers existing shareholders the opportunity to subscribe for additional shares. Instead of increasing the dividend payout, companies offer to distribute additional shares to the shareholders. For example, the company may decide to give out one bonus share for every ten shares held.

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Other Corporate Action:

Powergrid Infrastructure Investment Trust: Income Distribution (InvIT) on November 12

Carnation Industries Ltd: Resolution Plan -Suspension on November 14

Vedant Asset Ltd: E.G.M. on November 14

Visagar Polytex Ltd: E.G.M. on November 14