Upcoming Dividend, Stock Split Next Week: Bajaj Finance, Crisil, UCO Bank, Varun Beverages, And More

Upcoming Dividend, Stock Split Next Week: An array of companies, including Varun Beverages, Bajaj Finance, UCO Bank, CRISIL, Bank of Maharashtra, Avantel, Info Edge, Gravita India, etc will remain in focus next week as they inch closer towards record date for their corporate actions like dividends and stock splits.

Such corporate announcements often impact the company stock price movement, hence stockholders of these firms must be aware about the corporate actions set to take place in coming days.

What Does Dividend and Stock Split Mean?

More than a dozen firms will execute their dividend and stock split actions next week. Stock split is a corporate action by a company, where the firm divides its existing shares into multiple new shares. The corporate action is generally taken up when the company intends to increase its shares liquidity in the stock market by making its share price value more affordable.

Another corporate action is dividend, which is a way to distribute compan's profit among its shareholders. Firms generally announce dividends while declaring their company results.

What is Record Date?

Record date is fixed by a company to determine the eligibility of its shareholders for corporate actions like stock split and dividend payment.

Upcoming Dividend Next Week

Oberoi Realty Ltd

Operoi Realty had announced an interim dividend of Rs 2 per equity share for is shareholders. The company had fixed May 5 as its dividend record date.

PTC India

PTC India had announced an interim dividend of Rs 5 per equity share in April. The BSE Smallcap power trading company had fixed its dividend record date as 5 May.

CRISIL Ltd

The BSE 500 financial services company, CRISIL, had earlier declared an interim dividend of Rs 8 per share with a face value of Re 1 apiece. The company's shares will trade ex-dividend on 7 May.

Sundram Fasteners Ltd

The auto components and equipment segment firm had declared an interim dividend of Rs 4.2 per share for its stockholders. THe company had fixed dividend record date as 7 May.

Varun Beverages Ltd

The PepsiCo franchise had announced a dividend of Rs 0.5 per share earlier in April. The company stock will trade ex-dividend on 7 May.

Gravita India Ltd

The BSE Smallcap company had announced an interim dividend of Rs 6.35 per share with a face value of Rs 2 per equity share. The company had fixed 8 May asthe record date to determine the eligibility of shareholders.

Oracle Financial Services Software Ltd

The software products firm had declared a whopping 5300% interim dividend of Rs 265 per equity share with a face value of Rs 5 per share for its shareholders. The company shares will trade ex-dividend on 8 May.

Anand Rathi Wealth

The company had announced a final dividend of Rs 7 per equity share with a face value of Rs 5 apiece on BSE. The company had fixed May 9 as record date.

Bajaj Finance

The non-banking financial company (NBFC) had announced a special dividend of Rs 12 per share for its eligible shareholders with a face value of Rs 2 per share on BSE. Company scrip will trade ex-dividend on May 9.

Apart from these firms, pharamaceutical firm, Laurus Labs, declared an interim dividend of Rs 0.8 per equity share and has fixed May 9 as record date. Bank of Maharashtra had announced an interim dividend of Rs 1.5 per share and had fixed May 9 as record date. Transformers and Rectifiers and UCO Bank had also fixed May 9 as record date for dividend payment.

Upcoming Stock Splits Next Week

Info Edge (India) Ltd

The BSE 500 company had announced a stock split from Rs 10 to Rs 2 per share for its eligible shareholders in April last week. The company scrip will trade ex-split on 7 May.

Rajasthan Tube Manufacturing Company

The iron and steel products manufacturer had announced a stock split of Rs 10 to Re 1 per share for is shareholders. The company scrip will trade ex-record date on 8 May

Apart from these two Navkar Urbanstructure Ltd and Shantai Industries Ltd shares will trade ex-date for stock split on 9 May.