Corporate action this week: Stocks turning ex-dividend and stock splits

Dividend Payouts

Tuesday, July 23, 2024, is the ex-dividend date and July 23 is the record date for Shree Cement Ltd where the company will give a final dividend of ₹55 on face value of ₹2 for each share held on the record date.

TCPL Packaging Ltd and Goodyear India Ltd have July 23, 2024, as the ex-dividend date and July 24, 2024, as a record date. These companies will give a final dividend of ₹22 and ₹15 per share respectively, on the face value of ₹10.

HCL Technologies will be paying an interim dividend of ₹12 per share on the face value of ₹2 for those holding shares on the record date of July 23, 2024, It has the same ex-dividend date and record date of July 23, 2024.

Wednesday, July 24, 2024, will be an ex-dividend date for Pidilite Industries Ltd paying a final dividend of ₹16 per share on a face value of ₹1. The dividend will be given to those who hold the shares of the company on the book closure date of July 25, 2024. Honeywell Automation India Ltd also has the same ex-dividend date. It will give a final dividend of ₹100 per share on the face value of ₹10 for those who hold the shares of the company on the record date of July 24, 2024.

Lakshmi Machine Works Ltd has an ex-dividend date of July 24, 2024. It will give a dividend of ₹75 per share on the face value of ₹10 for those who hold the shares of the company on the book closure date of July 25, 2024.

FIEM Industries Ltd will be paying a final dividend of ₹20 on the face value of ₹10 for those holding shares on the book closure date of July 25, 2024, It has an ex-dividend date of July 24, 2024.

Avadh Sugar & Energy Ltd has an ex-dividend date of July 24, 2024. It will give a dividend of ₹10 per share on the face value of ₹10 for those holding the stock on the book closure date of July 25, 2024.

Thursday, July 25, 2024, is the ex-dividend date for the company having the largest per share price in India known as MRF Ltd. They will give out ₹194 on the face value of ₹10 for those who hold the shares on the book closure date of July 26, 2024.

Furthermore, Akzo Nobel India Ltd and United Breweries Ltd, also have July 25, 2024, as the ex-dividend date and July 26, 2024, as a book closure date. These companies will give a final dividend of ₹25 and ₹10 per share on the face value of ₹10 and ₹1 respectively.

Magadh Sugar & Energy Ltd has an ex-dividend date of July 25, 2024. It will give a special dividend of ₹5 and a final dividend of ₹10 per share on the face value of ₹10 for those who hold the shares of the company on the record date of July 26, 2024.

On Friday, the ex-dividend date and record date of July 26, 2024, GRP Ltd will deliver a final dividend of ₹37.50 on a face value of ₹10. Paushak Ltd has the same ex-dividend date of July 26, 2024. The company will give a final dividend of ₹20 per share on the face value of ₹10 for those who hold the shares on the book closure date of July 27, 2024.

BASF India Ltd has an ex-dividend date of July 26, 2024. It will give a dividend of ₹15 per share on the face value of ₹10 for those who hold the shares of the company on the book closure date of July 27, 2024.

Galaxy Surfactants Ltd will be paying a final dividend of ₹22 on the face value of ₹10 for those holding shares on the record date of July 26, 2024, It has an ex-dividend date of July 26, 2024.

Stock Splits

Three companies will undergo stock splits this week:

On July 24, 2024, KSB Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹2 per share, with a split ratio of 5:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 5 shares of ₹2 each after the split.

On July 25, 2024, Magellanic Cloud Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹2 per share, with a split ratio of 5:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 5 shares of ₹2 each after the split.