2 Bonus Issues, 1 Dividend: Watch Out For These Three Stocks In Coming Days

Three stocks will be in focus in the coming days for their bonus shares and dividend payout. These are Yug Decor, Jonjua Overseas and Accelya Solutions India. While Yug and Jonjua are set to reward investors with bonus shares in the ratio of a massive 15:100 and 9:50 shares, the IT solutions provided to airlines Accelya will turn ex-dividend for a payout of Rs 30 per share.

Here are the key details of these stocks and the important dates for their bonus shares and dividends:

Yug Decor:

Manufacturer of adhesives like Contact Adhesive, PVA Glue, Wood Glue and Shoe Glue, Yug Decor is set to issue bonus shares in the ratio of 15:100. Simply put, the company will issue 15 new equity shares as a bonus having a face value of Rs 10 each to eligible shareholders on their existing 100 equity shares.

To determine eligible shareholders, the company has fixed October 5th as the record date. That means those investors who hold Yug Decor shares by the end of the business hours on October 5th, will be eligible to receive bonus incentives.

Last week, on Friday, Yug Decor's share price stood at Rs 89.60 apiece, up by 0.6% on BSE.

The last time this company issued bonus shares was also in October last year in the ratio of 1:2.

Jonjua Overseas:

Technology solutions and business services provider, Jonjua Overseas has fixed October 10 as the record date for determining eligible shareholders for its 9:50 bonus shares.

The bonus issue ratio of 9:50 means that the company will issue nine new equity shares to shareholders on their existing 50 equity shares.

Just like Yug Decor, Jonjua Overseas also delivered bonus shares in October last year in a ratio of 4:23. Jonjua has been consistently paying bonus shares to its shareholders since October 2019, and hence has declared 5 bonuses.

Ahead of the bonus issue, Jonjua shares froze at 5% upper circuit to Rs 15.59 apiece on BSE during last week's Friday session.

What are bonus shares?

Bonus shares are issued in a certain proportion only to the existing shareholders free of cost. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.

Accelya Solutions India:

Global software provider to the airline industry, Accelya Solutions India will be paying a final dividend of Rs 30 per share to its shareholders for the financial year 2022-23. Earlier, the company paid an interim dividend of Rs 35 per share for the same fiscal.

For the final dividend, the company's shares will trade ex-dividend on October 6th which is also the record date to determine eligible shareholders for this benefit.

Overall, in FY23, the company's dividend payout is to the tune of Rs 65 per share. In percentage terms, the payout will of 650% dividend. This is higher compared to FY22 fiscal where the dividend payout was Rs 62 per share.

Accelya has declared a whopping 30 dividends since September 2002, as per Trendlyne data. On the current market price, the company has a dividend yield of 4.91%.

Last week, on Friday, Accelya shares ended at Rs 1631.20 apiece, up by 3.41% on BSE with a market cap of nearly Rs 2,435 crore.

What are dividends:

Dividends are distributed also in a certain proportion by listed companies from their net profits earned in a respective financial year. The record date is proposed by the listed company's board of directors to determine the name of the eligible shareholders for dividends. As per BSE FAQs, to be eligible to receive dividends, investors have to have shares in the Demat account by record date. Meanwhile, the ex-dividend date is the day when the price of the equity share of the listed company gets adjusted for the dividend payout.