Upcoming dividends, stock splits and bonuses: SBI Life, HUDCO, HAL and Coforge in focus; check details

As many as four stocks will turn ex-dividend, and two will trade ex-stock split and ex-bonus on the National Stock Exchange in the next two weeks. Investors can monitor stocks that turned ex-date, as they are likely to experience volatility ahead of the record dates.

SBI Life Insurance (Dividend: ₹2.7 per share)

The record date for dividend payout is March 7, 2025, and the interim dividend will be paid to the eligible shareholders on or before Sunday, March 30.

Shares of the company have dropped around 4% in the past month amid weak broader markets. The insurer has reported a 71% jump in PAT for the December quarter, while total income dropped more than 51% in the quarter. SBI Life shares closed 1.69% higher at ₹1,416 apiece on Wednesday.

Metro Brands (Dividend: ₹14.5 per share)

The record date to ascertain the eligibility of shareholders for payment of interim and special dividend for FY 2024-25 is March 7.

The company reported a nearly 4% drop in net profit to ₹95 crore for the December quarter. The company's revenue from operations rose by around 10% to ₹703 crore in the third quarter.

Metro Brands shares closed at ₹1,147 apiece, down 0.64% on the NSE on Wednesday. The stock has declined around 12% in the past month.

HUDCO board meet to consider dividend payout

The company had earlier declared an interim dividend of ₹2.05 per share on January 30, 2025. Hudco shares closed over 5.5% higher at ₹178 apiece on the NSE today.

Castrol India (Dividend: ₹9.5 per share)

The record date for determining shareholders' entitlement to the final dividend for the financial year ended December 2024 is Tuesday, 18 March 2025. If approved by the shareholders, the dividend will be paid on or before April 23.

The company reported a 7% rise in revenue ₹1,354 crores in the December quarter, while the PAT rose to ₹271 crores, which is up 12% YoY.

Coforge 1:5 stock split

Coforge shares rallied as much as 11% on Wednesday after the company announced a stock split.

The company's board of directors, at the meeting held on March 4, approved the stock split at a 1:5 ratio. This means each equity share of a face value of ₹10 will be divided into five equity shares, each valued at ₹2.

The subdivision of stocks will result in a total of 33,43,65,495 equity shares of ₹2 each, fully paid-up. The company informed the stock exchanges that the record date for the stock split would be announced later.

HAL dividend payment next week

State-owned aerospace and defence company Hindustan Aeronautics (HAL) 's dividend payment date has been set for on or before March 14. The Maharatna PSU stock turned ex-dividend on February 18, which was also the record date for determining the shareholders' eligibility for the dividend payment.

The board of directors of HAL declared the first interim dividend of ₹25 per equity share, with a face value of Rs 5 each fully paid for FY25, reflecting a 500% payout.

HAL’s consolidated net profit in Q3FY25 jumped 14.13% year-on-year to ₹1,439.79 crore from ₹1,261.51 crore a year ago. The company’s revenue from operations advanced nearly 15% to ₹6,957.31 crore in the December quarter against ₹6,061.28 crore in the preceding fiscal.

Other stock splits and bonus issue

In addition to these stocks, IOL Chemicals and Pharmaceuticals will turn ex-split on March 11. The company has declared a share split from ₹10 per share to ₹2 per share.

IOL Chemicals and Pharmaceuticals Ltd, a leading manufacturer of pharmaceutical APIs and speciality chemicals reported 11% year-on-year decline in profit after tax to ₹20.55 crore for the December quarter. Its income dropped marginally to ₹537 crore in Q3FY25.

SBC Exports Ltd will trade ex-bonus on March 10 . SBC Exports Ltd has announced a bonus share issue of 1:2 – issue of one new share for every two held by shareholders. The company revised the record date for the bonus issue from March 5 to March 10, recently. SBC Exports shares jumped over 7% to ₹20.62 apiece on the NSE on Wednesday.