1 Dividend And 1 Bonus Issue Announcement Made Today

Dividend, bonus issue, stock split, right issue and share buyback are the key corporate actions. Corporate actions are the initiatives which the corporate takes and as a result there is brought about a change in its stock. Typically, such a corporate action is initiated by the board of directors and later the company's shareholders approve it.

Likewise, there is one dividend and one bonus issue announcement made today i.e. August 9, 2022 that stock market investors should know about:

Trident

In its board meet held today, the company's board approves dividend. In the filing with the exchange, the company said, "The Board of Directors had declared the 1st Interim Dividend of 36% (INR 0.36/- per fully
paid up Equity Share of INR 1/- each) for the financial year 2022-23. The said Interim dividend will be credited/ dispatched to the shareholders by September 7. 2022 i.e within 30 days from the date of declaration.

The company also approved its Standalone and Consolidated Unaudited Financial Results for the Quarter ended June 30,2022 today.

Trident is a textile products company. The company's operations are divided into 4 major segments including Yarns, Terry Towels, Paper and Chemicals.

 

eClerx Services

The company's board today approved the issuance of bonus shares in the ratio of 1:2 i.e. 1 new share for every 2 shares held by the shareholder. "Approved the issuance of Bonus Equity Shares in the proportion of 1 (one) new fully paid up equity share of Rs. 10/- (Rupees Ten Only) each for every existing 2 (two) equity shares of Rs . 10/- (Rupees Ten Only) each held by the members as on the record date, subject to shareholders' approval through Postal Ballot", said the exchange filing by the company.

eClerx Services Limited is a knowledge and business process outsourcing company with operations in the United States, the United Kingdom, Europe and Asia Pacific. The company's stock last traded at a price of Rs. 2304.55 per share on the NSE.

Disclaimer:

The above stocks are listed just for the corporate action initiated in them. Readers should not construe the story as an investment advice into these stocks.

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