A dividend represents a share of a company’s profits distributed to its shareholders. When a company has retained earnings, management can decide to reinvest the funds to support business growth, repay debts, or reserve them for future requirements.
A stock split occurs when a company increases the number of its shares by dividing existing ones into multiple shares. While the number of shares held by investors increases, the overall market value of the company remains unchanged.
A bonus issue, also called a scrip issue or capitalization issue, involves granting additional shares free of charge to existing shareholders.
Here are stocks that will trade ex-dividend in the coming week:
1. VTM Limited
With a market capitalization of Rs. 720.07 crore, the share price of VTM Limited Company closed at Rs. 179 per share on Friday, 0.39 percent lower than its previous close of Rs. 179.70.
The company is issuing an interim dividend of Rs. 0.25 per equity share, representing a 25 percent payout over the face value of Rs. 1 per share. The record date for the dividend is set as 10th January 2025. The company has a dividend yield of 0.42 percent.
Here are the companies to watch in the coming weeks that have announced bonus Shares:
1. Algoquant Fintech Limited
With a market capitalization of Rs. 2,161.76 crores, the share price of Algoquat Fintech Limited Company closed at Rs. 1482.35 per share on Friday, 0.34 percent lower than its previous close of Rs. 1487.45.
The company has announced a bonus issue in a 1:2 ratio, granting shareholders one additional share for every two shares they hold. The record date for this is set for January 08, 2025.
2. Padam Cotton Yarns Limited
With a market capitalization of Rs. 178.63 crore, the shares of Padam Cotton Yarns Limited’s stock surged by 2 percent, reaching an upper circuit of Rs. 377.75 per share on Friday, up from its previous closing price of Rs. 370.35 per share.
The company has announced a bonus issue in a 1:1 ratio, granting shareholders one additional share for every one share they hold. The record date for this is set for January 08, 2025.
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Here are the companies to watch in the coming weeks that have announced stock splits:
1. AA Plus Tradelink Limited
With a market capitalization of Rs. 33.35 crores, the shares of AA Plus Tradelink Limited’s stock surged by 5 percent, reaching a lower circuit of Rs. 13.71 per share on Friday, down from its previous closing price of Rs. 14.43 per share.
The company has also announced a stock split in a 1:10 ratio, dividing each Rs. 10 shares into ten Re. 1 shares. The record date for this split is January 08, 2024.
2. Jagsonpal Pharmaceuticals Limited
With a market capitalization of Rs. 1,739.42 crores, the share price of Jagsonpal Pharmaceuticals Limited Company closed at Rs. 655.25 per share on Friday, 0.49 percent lower than its previous close of Rs. 658.50.
The company has also announced a stock split in a 2:5 ratio, dividing each Rs. 5 shares into two Rs. 2 shares, and the remaining portion of shares as the settlement will be in cash consideration. The record date for this split is January 08, 2024.
Written By – Nikhil Naik
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