Dividend, Bonus & Stock Split Alert: SBI Cards, IOCL, IRFC Ex-Dividend This Week

 Several companies will trade ex-dividend, ex-bonus, and ex-split this week, including SBI Cards, Indian Oil, Sun TV Network, Cupid, and Frontier Springs.

Upcoming Stock Split, Bonus and Dividend: Several listed companies will trade ex-dividend, ex-bonus, and ex-split this week, making it an important period for investorstracking corporate actions. Stocksincluding SBI Cards and Payment Services Ltd, Indian Oil Corporation Ltd, and Sun TV Network Ltd will turn ex-dividend, while otherssuch as Cupid Ltd and Frontier Springs Ltd will trade ex-bonus.

Here’s a look at the key corporate actionsscheduled for the week. 

Stocks Turning Ex-Dividend 

A number of companies will trade ex-dividend, meaning investors must hold shares before the ex-date to be eligible for the payout.  

Key stocks include: 

• Axtel Industries Ltd – Interim dividend of Rs12 pershare (Ex-date: March 9)
•  Balmer Lawrie & Company Ltd – Interim dividend of Rs 4.25 pershare (Exdate: March 11)
•  Mangalore Refinery and Petrochemicals Ltd – Interim dividend of Rs 4 per share (Ex-date: March 11)
•  SBI Cards and Payment Services Ltd – Interim dividend of Rs 2.50 pershare (Ex-date: March 11)
•  Indian Oil Corporation Ltd – Interim dividend of Rs 2 pershare (Ex-date: March 12)
•  R SystemsInternational Ltd – Interim dividend of Rs 6 pershare (Ex-date: March 12)
•  Sun TV Network Ltd – Interim dividend of Rs1.25 pershare (Ex-date: March 12) 
• Indian Railway Finance Corporation Ltd – Interim dividend (Ex-date: March 13) 

Later this month, DIC India Ltd and Castrol India Ltd will also trade ex-date for their final dividends.

Stocks Turning Ex-Bonus 

A few companies will trade ex-bonus, meaning eligible shareholders will receive additionalshares.  

• Cupid Ltd – Bonusissue 4:1 (Ex-date: March 9) 
• Macfos Ltd – Bonusissue 1:10 (Ex-date: March 10)
•  Frontier Springs Ltd – Bonusissue 2:1 (Ex-date: March 13)

Under a bonusissue,shareholdersreceive extra sharesfree of cost in proportion to their holdings.

Stocks Turning Ex-Split 

Two companies will also trade ex-split during the week.

• TANFAC Industries Ltd – Stock split from Rs10 face value to Rs 5 (Ex-date: March 9)
•  Hindusthan Urban Infrastructure Ltd – Stock split from Rs10 to Rs 2 (Ex-date: March 13) 

Stock splitsincrease the number ofshares while lowering the face value, often improving liquidity.

Rights Issues Also Coming Into Effect 

Some companies will also trade ex-rightsthis week.

These include: 

• BCC Fuba India Ltd 
• Prabha Energy Ltd 
• Vertex Securities Ltd 

Rightsissues allow existing shareholdersto buy additionalshares at a predetermined price, usually at a discount.

What Investors Should Know  

When a stock trades ex-date, buyers purchasing the shares on or after that date will not be eligible for the dividend, bonusshares, or other benefitstied to the record date. Investors must therefore own the shares before the ex-date to qualify for these corporate actions because of T-1system in India.

Disclaimer: The views and investment tips by experts in this Bazigar Investment report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.