The new financial year 2024–25 (FY25) will begin on Monday, April 1, and shares of a number of firms, including Ashok Leyland, Varun Beverages, and TVS Holdings, will trade ex-dividend in the upcoming week. Ex-split, ex-rights, and ex-bonus will also be traded by a few additional corporations in addition to these, according BSE statistics.
The day on which the equity share price changes to reflect the upcoming dividend payment is known as the ex-dividend date. Today marks the day the stock goes ex-dividend, meaning that going forward, it will not be worth the amount of the next dividend payment.
The stocks that will be paying dividends in the coming week are as follows:
1. Tuesday, April 2, 2024:
- Bharat Dynamics Ltd: Interim dividend of ₹8.85.
- GPT Healthcare Ltd: Interim dividend of ₹1
- TVS Holdings Ltd: Interim dividend of ₹94.
2. Wednesday, April 3, 2024:
- Ashok Leyland: Interim dividend of ₹4.95.
3. Thursday, April 4, 2024:
- Sundaram-Clayton Ltd: Interim dividend of ₹5.15
- Varun Beverages Ltd: Final dividend of ₹1.25.
4. Friday, April 5, 2024:
- Esab India Ltd: Interim dividend of ₹24
- Visco Trade Associates Ltd: Interim dividend of ₹1.
The stocks that will be splitting in the coming week are as follows:
- A bonus issuance in the ratio of 1:2 was reported by Sunrise Efficient Marketing Ltd. On April 3, shares will trade ex-bonus.
- Cupid Ltd. announced a bonus issue with a 1:1 ratio. On April 4, shares will trade ex-bonus.
A corporate activity known as a bonus issue is an invitation sent to the company’s current shareholders to subscribe for more shares. Rather of raising dividend payments, the corporations want to issue more shares to their investors.
