Power Finance, Angel One, NMDC among 15 stocks to see corporate actions this week

Stock market participants are likely to brace for an eventful week ahead as 15 companies prepare for key corporate actions, including dividend payout, stock split, and issuance of bonus shares. Prominent companies like Indian Railway Finance Corporation (IRFC), NMDC, Angel One, and Power Finance Corporation among others will trade ex-date starting this week.

Corporate actions such as dividends, stock splits, and bonus shares are designed to reward shareholders and enhance a stock’s accessibility. Dividend is the part of profit shared with a shareholder and provides a direct cash payout, stock split lowers individual share prices by increasing the number of outstanding shares. Meanwhile, bonus shares offer additional shares at no extra cost to the existing shareholders.

Key ex-dates to watch

Additionally, Navratna PSU NMDC will review a potential interim dividend for FY2024-25 on March 17, following an earlier announcement.

Q4 earnings watch

Starting next month companies will start announcing their earnings for fourth quarter of the current financial year. The country’s second largest information technology company, Infosys, on Friday, March 14, informed exchanges that its board will meet on April 17 to approve and take record on record the audited consolidated financial results of the Company.