3:1 Bonus, 1:1 Rights Issue, Rs. 28.43 Dividend Stocks in Focus: Key Counters to Watch on March 20

Friday morning has an action-packed session for Dalal Street, as multiple stocks like REC Limited, Metropolis Healthcare Ltd, Kama Holdings and Balmer Lawrie Investments are in sharp focus with dividend payouts, a bonus issue, and a rights issue.

Dividend Stocks Turn Ex-Date Today

Shares of Kama Holdings, Balmer Lawrie Investments, and REC Limited are trading ex-dividend today, which means only those who bought the stocks before March 20 will be eligible for the announced payouts.

Kama Holdings has declared a dividend of Rs. 23.20 per share, standing out as the highest among the three.

Balmer Lawrie Investments has announced a dividend of Rs. 2.03 per share, while REC Limited is offering Rs. 3.20 per share. As is typical on ex-dividend day, these stocks may see price adjustments due to the payout.

Metropolis Healthcare Trades Ex-Bonus in First-Ever Issue

In another major development, Metropolis Healthcare Ltd is trading ex-bonus today, for its first-ever bonus issue. The company has announced a 3:1 bonus ratio, meaning shareholders will receive three additional shares for every one share held.

Both the ex-date and record date fall on March 20, which means March 19 was the cut-off for eligibility. While the number of shares held increases, the overall value of the investment remains unchanged as the stock price adjusts accordingly.

Maharashtra Apex Corporation Sets Record Date for Rights Issue

Meanwhile, Maharashtra Apex Corporation Limited has fixed March 20 as the record date for its upcoming rights issue. The company plans to raise about Rs. 14.09 crore through the issuance of 1.41 crore equity shares priced at Rs. 10 each.

The rights issue is being offered in a 1:1 ratio, allowing eligible shareholders to subscribe to one additional share for every share they hold. The company has specified that the full issue price will be payable at the time of application.

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