Corporate Actions in Focus: Dividends, Stock Splits, and Bonus Issues This Week (February 10)

Several companies, including Hero MotoCorp, Cochin Shipyard, ITC, MRF, Torrent Power, and NHPC, will trade ex-dividend starting Monday, February 10, according to data from the BSE.

What is the Ex-Dividend Date?

The ex-dividend date is when a stock no longer carries the value of its upcoming dividend. Shareholders who hold the stock until the record date will receive the dividend. After the ex-dividend date, the stock price typically adjusts to reflect the payout.

Stocks Declaring Dividends This Week

• February 10: Companies like Aster DM Healthcare, GPT Infraprojects, Indian Toners & Developers, and Suraj Ltd. will trade ex-dividend.
• February 11: CMS Info Systems, Disa India, and Symphony Ltd. will adjust for dividend payouts.
• February 12: Companies including Hero MotoCorp, ITC, Minda Corporation, Torrent Power, Cochin Shipyard, and others will go ex-dividend.
• February 13: NHPC, Page Industries, Sun TV Network, Eris Lifesciences, and United Van Der Horst Ltd. will trade without dividend eligibility.
• February 14: Major firms like Alkem Laboratories, Bharat Dynamics, Cummins India, Escorts Kubota, Gulf Oil Lubricants, MRF, and REC Ltd. will be among those trading ex-dividend.

Bonus Issues Scheduled for This Week

Some companies will reward existing shareholders with additional shares instead of cash dividends:

• February 11: EFC (I) Ltd will issue bonus shares in a 1:1 ratio.
• February 14: Richfield Financial Services and Transformers & Rectifiers (India) Ltd will also issue bonus shares at a 1:1 ratio.

A bonus issue means shareholders receive additional shares based on the number of shares they already own, effectively increasing their holdings without changing the stock’s overall value.

Stock Splits to Take Effect

Companies splitting their stocks this week aim to make shares more affordable and increase liquidity:

• February 12: T T Ltd will split its shares from ₹10 to Re 1.
• February 14: Ascensive Educare Ltd will also implement a stock split from ₹10 to Re 1.

A stock split increases the number of shares while maintaining the company’s total market value, making it easier for investors to buy and sell shares.

Other Important Corporate Actions

Apart from dividends, stock splits, and bonus issues, several companies have scheduled rights issues, income distributions, and extraordinary general meetings (EGMs):

• February 10: Jyoti Structures Ltd will issue rights shares, while National Highways Infra Trust will distribute income under the InvIT structure.
• February 11: Rights issues will be conducted by ETT Ltd, Thangamayil Jewellery Ltd, and Kairosoft AI Solutions Ltd.
• February 13: GDL Leasing & Finance Ltd and Wanbury Ltd will hold EGMs.
• February 14: Ashutosh Paper Mills Ltd has scheduled an EGM.

With multiple corporate actions planned for this week, investors should review their portfolios and stay updated on important dates to maximise benefits from dividends, bonus issues, and other stock movements.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.