PFC, International Gemmological among 4 companies to trade ex-dividend today; check the list for bonus issues, stock split

Around 4 companies are expected to trade ex-dividend, which includes Bhatia Communications & Retail (India), International Gemmological Institute India, Panchsheel Organics and Power Finance Corporation.

The ex-date marks the day a stock begins trading without dividend entitlement, meaning investors must own the stock before this date to receive the payout. The company, however, determines the list of eligible shareholders based on their records on the record date.

A dividend refers to a payment made by a company to its shareholders, typically as a share of the company’s profits. Companies announce dividends to distribute a portion of their earnings to investors, usually on a regular basis such as quarterly or annually.

Among the list, PFC leads with a dividend of ₹3.5 per share, with a record date set for February 28, 2025. International Gemmological Institute India has declared ₹2.44 per share; Panchsheel Organics announced ₹0.08 per share, and Bhatia Communications & Retail announced ₹0.01 per share.

Meanwhile, Jindal Worldwide (4:1 ratio, four extra shares for every one held) is to declare their bonus issue today. A bonus issue increases the number of shares held by existing shareholders without any additional cost.

Oasis Securities will undergo a stock split (ex-date), changing the face value from ₹10 to ₹1 per share, with a split ratio of 10:1. RDB Realty & Infrastructure will also declare a stock split today with a split ratio of 10:1.

Nava Limited announced a bonus issue with a ratio of 4:1, indicating that shareholders will receive 4 additional shares for each share they hold.

At 7:53 AM, the GIFT NIFTY futures were trading at 22,541, losing 14 points, or 0.06%. This suggests that the NIFTY50 index will open 143 points lower.

In the overnight trade, major Wall Street indexes closed lower as fresh US data hurt sentiment and tech stocks weighed. Data showed jobless claims stood at 242,000, higher than estimates of 221,000.