4 Penny Stocks To Trade Ex-Dividend, Ex-Split In March 2023, Do You Own Any?

Four penny stocks, which include SRU Steels Ltd., Vivanta Industries Ltd., Continental Securities Ltd., and Housing & Urban Development Corporation Ltd. (HUDCO), have set record dates for the stock splits and dividends in March 2023. These stocks are set to be traded Ex Stock-Split & Ex-Dividend in the next 2 weeks. Here are the key highlights of the stocks:

Stock Split Stocks

1. Vivanta Industries Ltd.

The stock is currently trading at Rs 26.61/share, up 4.97% from its previous close. In a week, it has gained 15.7%. In 1 year, it gained 30.76% and in 3 years it gained 647.47%, respectively. The stock is set to trade ex-split on March 18, 2023, according to its regulatory filing.

The company in its exchange filing, said, "In continuation of our letter Dated Tuesday, February 14, 2023, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Thursday, February 23, 2023 at Registered Office of the Company has inter alia considered and approved the Saturday, March 18, 2023 Record Date for the purpose of determining eligibility of shareholders for the purpose of subdivision of one (1) Equity Share having face value of Rs.10/- (Rupees Ten) each into 10 (Ten) Equity Shares of nominal value of Rs. 1/- each in the Share Capital of the Company.

2. Continental Securities Ltd.

The stock is currently trading at Rs 41.09/share, down 1.13% from its previous close. It has fallen 0.26% in 1 week and gained 3.45% in 1 month. The stock gave 47.92% positive return in 1 year. It is set to trade ex-stock split on March 20, 2023, according to its regulatory filing.

The Board of Directors of Continental Securities Ltd. in its regulatory filing on March 2, 2023, said, "Pursuant to Regulation 42 of the SEBI (LODR) Regulation, 2015, the company has fixed Monday, 20th March, 2023 as the Record date for the Purpose of Sub-division of existing Equity Share of face value of Rs. 10/- (Ten) each fully paid up Equity Shares of Face Value of Rs.2/- (Two) each. The consent of the Company was accorded for sub-division of Equity Share of face value of Rs.10/- (Ten) each fully paid up into five Equity Shares of face value of Rs. 2/- (Two) each fully paid up at the Extra ordinary General Meeting held on 01st March 2023. The issued, and paid up Share Capital of the Company from existing 4250600 shares of the Rs 10/- (Ten) each to 21253000 shares of Rs. 2/- (Two) each."

Dividend Stocks

1. SRU Steels Ltd.

The stock is currently trading at Rs 20.53/share, up 4.96% as compared to its previous close. It has given 27.25% positive return in 1 week and 9.04% in 1 month, respectively. Stock stock will trade ex-dividend on March 20, 2023, according to its regulatory filing.

In its exchange filing the company said, "First interim dividend for the financial year 2022-23 of Rs. 0.10/- per share (i.e. 1% on Rs. 10/- fully paid up share), which shall be paid/ dispatched to the shareholders within 30 days of declaration, subject to the applicable taxes. The Record date for determination the eligibility of shareholder for payment of interim dividend was already announced i.e. March 20, 2023;"

2. Housing & Urban Development Corporation Ltd. (HUDCO)

The stock is currently trading at Rs 45.10/share, down 0.99% as compared to its previous close. The stock has fallen 7.95% in 1 week, and 4.65% in 1 month, respectively. It gained 31.63% in 1 year, 97.59% in 3 years, respectively. It has fallen 35.41% in 5 years. The stock is set to trade ex-diidend on March 22, 2023, according to its regulatory filing.

The company in its exchange filing has said, "The Board in its meeting held on 14" March, 2023 i.e., today, has approved the payment of interim dividend for the financial year 2022-23 @ 7.5%, Rs 0.75/- per equity share of Rs. 10/- each. Further, the Record date of Wednesday, 22nd March, 2023, fixed for determining the eligibility of shareholders for payment of Interim Dividend for the financial year 2022-23 (already intimated, vide our letter dated 28" February, 2023) has been confirmed by the Board of Directors in the aforesaid meeting."

Disclaimer

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