Dividend, Bonus, and Rights Issue: Key Stocks to Watch on Ex-Date December 20, 2024

Shares of Bharat Seats, Linc, Mega Corp, and Sacheta Metals will be in focus as they go ex-date on December 20, 2024, following announcements of dividends, rights issues, and bonus issues.

What is Ex-Date? 

The ex-date marks when a stock begins trading without eligibility for benefits such as dividends, bonus shares, or rights issues. Investors must hold the stock before the ex-date to qualify for these entitlements. The record date is when the company decide which shareholders are entitled for the corporate actions.

Sacheta Metals: Interim Dividend Announcement 

Sacheta Metals has declared an interim dividend of ₹0.05 per equity share of face value ₹2 each, which represents 2.5% of the paid-up equity share capital for the financial year 2024-25. The record date for dividend payment to shareholders is set for December 21, 2024.

Linc: Split and Bonus Issue 

Linc has announced a split of its equity shares, with each ₹10 share being split into two ₹5 shares. The company has also declared a 1:1 bonus issue, meaning shareholders will receive one new fully paid-up ₹5 share for each existing share. The ex-date and record date for these actions are both December 20, 2024.

Bharat Seats: Bonus Issue 

Bharat Seats will offer a bonus issue in the ratio of 1:1, meaning shareholders will receive 1 bonus share for every share they hold. The ex-date for this bonus issue is December 20, 2024.

Mega Corp: Rights Issue 

Mega Corp has announced a rights issue of up to 10 crore equity shares at ₹1 each, totalling ₹10 crore. Eligible shareholders will be offered 1 rights share for every 1 equity share they hold, with the record date set for December 20, 2024.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.