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Stock Split, Bonus, Dividend Paying Stocks: Do You Own These Mid Cap, Small Cap Stocks? Buy
Three companies have made announcements with respect to bonus issue, stock split, and dividend. These companies are Sheela Foam Ltd, Filatex India Ltd, and Aegis Logistics Ltd. It is worth noting that the board of Sheela Foam Ltd has recommended 1:1 bonus issue, Filatex India Ltd has approved stock split, and Aegis Logistics Ltd approves 3rd interim dividend of 200%. Buy these 3 stocks in order to receive dividend, bonus, and stock split.
What is bonus share?
These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds.
What is stock split?
When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The companies go for stock split to make the share more affordable for investors
Check key details below:
1. Sheela Foam Ltd Board Recommends 1:1 Bonus Issue
The board of directors of the company stated in the regulatory filing, "The Board of Directors has considered and recommended a bonus issue of 1 equity share for every 1 equity share held, subject to approval by the shareholders and any other applicable statutory and regulatory approvals. Further, the bonus shares will be credited to those shareholders who are holding the equity shares as on a record date to be determined by the Board of Directors."
The record date is yet to be decided by the board of directors of Sheela Foam. It is worth mentioning that shareholders will receive 1 bonus share for every 1 share held.
The current market price of the stock is Rs 2870 apiece with market capitalisation at Rs 14,002 crore. The mid cap company operates in consumer durables sector.
The stock has given maximum 133% return in last 3-years.
2. Filatex India Ltd Board Approves Stock Split
The board of directors of the company stated in the BSE filing, "We wish to inform you that the Board of Directors of the Company, in their meeting held on 8th November, 2022, inter alia, have considered and approved Sub-division of One Equity share of Face Value of Rs.2 into 2 Equity shares of Face Value of Rs. 1 each subject to the approval of shareholders through Postal Ballot. The record date for the said sub-division of Equity Share shall be fixed and intimated to the stock exchanges in due course.
The record date for stock split has not been decided by the board yet.
The current market price of the stock is Rs 99 apiece with market capitalisation at Rs 2192 crore. The small cap company has given maximum return 153% in last 3-years. The company operates in Textiles sector.
3. Aegis Logistics Ltd Approves 3rd Interim Dividend
The board of Aegis Logistics Ltd stated in the exchange filing, "The Board approved 3rd Interim Dividend of 200% i.e. Rs. 2.00 (Rupees Two Only) per equity share of face value of Re.1/- during the financial year 2022-23 and has fixed Wednesday, November 16, 2022 as the Record Date for the purpose of payment of Interim Dividend. The 3rd Interim Dividend shall be paid on or before December 7, 2022."
The record date for the interim dividend is November 16, 2022.
The current market price of the stock is Rs 316 apiece with market capitalisation at Rs 11,102 crore. The stock has given maximum return in last 3 years at 92%. The mid cap company operates in Logistics sector.
Disclaimer
The above stocks give details related to bonus issue, stock split, and dividend. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
