5:14 + 3:10 Rights Issue & Rs 10.75 Dividend: These Stocks To Trade Ex-Date On March 11; Check Complete List

Five stocks will be in focus in Wednesday's trading session as they trade ex-dividend or ex-rights today, March 11. Companies including Balmer Lawrie & Company Ltd, Mangalore Refinery and Petrochemicals Ltd, and SBI Cards and Payment Services Ltd have announced dividend payouts, while Prabha Energy Ltd and B C C Fuba India Ltd are trading ex-rights today.

The record date for these corporate actions falls on March 11, meaning investors who held shares before the ex-date will be eligible to receive the dividend or participate in the rights issue.

New buyers on March 11 will not be eligible for the dividend or rights issue because Indian markets follow a T+1 settlement cycle, investors must purchase the shares at least one trading day before the ex-date to qualify for these benefits.

Dividend-paying stocks today

Three companies have announced interim dividend payouts with a combined payout of around Rs 11 per share.

Balmer Lawrie & Company Ltd has declared an interim dividend of Rs 4.25 per share. The state-owned enterprise operates across businesses such as logistics, industrial packaging, travel services, and greases & lubricants.

Mangalore Refinery and Petrochemicals Ltd has announced an interim dividend of Rs 4 per share. MRPL, a subsidiary of ONGC, is one of India's major oil refining companies and is engaged in refining crude oil and producing petroleum products.

SBI Cards and Payment Services Ltd has declared an interim dividend of Rs 2.50 per share. The company is among India's largest credit card issuers and plays a major role in the country's growing digital payments ecosystem.

Rights issue stocks today

Apart from dividend payouts, two companies are trading ex-rights today, meaning eligible shareholders will have the opportunity to buy additional shares in proportion to their existing holdings.

Prabha Energy Ltd has announced a rights issue in the ratio of 5:14, with a premium of Rs 143 per share.

B C C Fuba India Ltd has declared a rights issue in the ratio of 3:10, carrying a premium of Rs 65 per share.

The main purpose of a rights issue is that it allows companies to raise fresh capital from existing shareholders, mainly for expansion plans or any debt reduction.