A dividend is a portion of a company’s profits given to its shareholders. When a company has retained earnings, management can choose to reinvest the money to grow the business, pay off debts, or save it for future needs.
A stock split happens when a company increases its shares by splitting existing ones into multiple shares. Although the number of shares owned by investors rises, the total value of the company stays the same.
Here are stocks that will trade ex-dividend in the coming week:
Mazagon Dock Shipbuilders Limited
With a market capitalization of Rs. 98,100 crore, the share price of Mazagon Dock Shipbuilders Limited Company closed at Rs. 2,431.95 per share on Friday, 2.53 percent higher than its previous close of Rs. 2,371.90.
The company is issuing an interim dividend of Rs. 3 per equity share, representing a 60 percent payout over the face value of Rs. 5 per share. The record date for the dividend is set as 16th April 2024. The company has a dividend yield of 0.60 percent.
Hexaware Technologies Limited
With a market capitalization of Rs. 38,315.15 crore, the share price of Hexaware Technologies Limited Company closed at Rs. 630.50 per share on Friday, 0.32 percent lower than its previous close of Rs. 632.50.
The company is issuing an interim dividend of Rs. 5.75 per equity share, representing a 575 percent payout over the face value of Re. 1 per share. The record date for the dividend is set as 15th April 2024. The company has a dividend yield of 0.90 percent.
Here are the companies to watch in the coming weeks that have announced stock splits:
Kapil Raj Finance Limited
With a market capitalization of Rs. 74.39 crore, Kapil Raj Finance Limited’s share price closed at Rs. 68 per share on Friday, falling by 2.93 percent from its previous close of Rs. 70.05.
The company has also announced a stock split in a 1:10 ratio, meaning each Rs. 10 share will be divided into ten shares of Rs. 1 each. The record date for this split is April 15, 2024.
Akme Fintrade (India) Limited
With a market capitalization of Rs. 356.38 crore, Akme Fintrade (India) Limited’s share price closed at Rs. 83.51 per share on Friday, rising by 5.43 percent from its previous close of Rs. 79.21.
The company has also announced a stock split in a 1:10 ratio, meaning each Rs. 10 share will be divided into ten shares of Rs. 1 each. The record date for this split is April 18, 2024.
Ranjeet Mechatronics Limited
With a market capitalization of Rs. 50.92 crore, Ranjeet Mechatronics Limited’s share price closed at Rs. 25.46 per share on Friday, falling by 4.96 percent from its previous close of Rs. 26.79.
The company has also announced a stock split in a 1:10 ratio, meaning each Rs. 10 share will be divided into two shares of Rs. 5 each. The record date for this split is April 21, 2024.
Written By – Nikhil Naik
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