Corporate Actions in Focus: Dividends, Stock Splits, and Bonus Issues This Week (Jan 27)

This week on Dalal Street is packed with shareholder-centric events, including dividends, stock splits, and bonus share issuances. Several major companies, such as KEI Industries, Wipro, lndraprastha Gas Limited and more have planned key corporate actions aimed at rewarding shareholders and improving market liquidity. Here’s a detailed breakdown of what’s in store.

Dividend Announcements

This week, many prominent companies will trade ex-dividend, which means their share prices will adjust to exclude the value of the declared dividend payouts. Here are the details:

• Trading Ex-Dividend on January 27, 2024

  • KEI Industries: KEI has declared an interim dividend of ₹4 per share for its shareholders.
  • Tanla Platforms: Tanla Platformsshareholders will receive an interim dividend of ₹6 per share.

• Trading Ex-Dividend on January 28, 2024

  • Wipro: Wipro has announced an interim dividend of ₹6 per share.
  • Zensar Technologies: Zensar Technologies has declared an interim dividend of ₹2 per share, reflecting its commitment to sharing profits with its investors.

• Trading Ex-Dividend on January 30, 2024

  • Coforge Ltd: Coforge has announced an interim dividend of ₹19 per share.
  • Siemens Limited: Siemens has declared a dividend of ₹12 per share.

Stock Splits

Stock splits are corporate actions that aim to increase share liquidity by reducing the face value of existing shares. This adjustment often makes the shares more affordable and accessible to a broader range of investors. The following companies have announced stock splits for next week:

Trading Ex-Split on January 31, 2024:

• JBM Auto Ltd: JBM Auto will execute a stock split, reducing the face value from ₹2 to ₹1 per share.
• Senco Gold Ltd: Senco Gold has announced a stock split that will lower the face value of shares from ₹10 to ₹5.

Bonus Issues

A bonus issue is a corporate action where companies distribute additional shares to their existing shareholders at no additional cost.

lndraprastha Gas Limited is set to issue bonus shares in a 1:1 ratio, providing one additional share for every share held. The record date for this bonus share is January 31, 2025.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.