This week is packed with a flurry of corporate actions as companies have announced interim dividends and stock splits, ahead of their respective record dates next week.
Big names like Mazagon Dock Shipbuilders Ltd. and Hexaware Technologies Ltd. are distributing their interim dividends. Companies like Akme Fintrade (India) Ltd. and Kapil Raj Finance Ltd. have announced a stock split.
To be eligible for dividends, investors should take note of the record date, which 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 falls before the record date, marks when the share price adjusts to reflect the upcoming payout.
Here is a look at companies that declared interim dividends and bonus issues and have key dates coming up this week.
