Corporate Announcements
Many companies have announced dividend, bonus and stock splits after its Q3 results and tomorrow will be the ex date for some of those companies and some companies have their events’ ex date fixed after tomorrow but in this month.
Dividend:-
Dividend is term that is used for distribution of profits by a company or a corporation to its shareholders and many companies have announced to pay the dividend to its shareholders and declared a record date for the eligibility.
1. MPS limited
Small cap company MPS limited is a global provider of platforms and content solutions for the digital world. Company announced its third quarter financial results on 23 January 2024 and decided to pay the dividend of Rs. 33 per equity share to its shareholders. 29 January will be the ex date. Market Cap of MPS limited is around 4300 crores and shares of MPS limited closed today with loss of nearly 1 percent on 2501.7.
2. Mindspace Business
Mindspace Business has also announced to pay a dividend of Rs. 5.32 per unit. Today the share of Mindspace Business park closed on NSE in red sign at 377.27. Tomorrow will be ex date for it.
3. Bharat Petroleum Corporation Limited
Bharat Petroleum Corporation Limited(BPCL) has also announced to pay interim dividend of Rs. 5 per equity share to its shareholders and tomorrow the shares of BPCL trade as ex. Dividend. Third quarter financial results of BPCL was announced on 22 January and board has finalized to pay this Interim dividend to its shareholders.
4. Balkrishna Industries
A off highway tyres manufacturer Balkrishna Industries will also pay dividend to its shareholders of Rs. 4 per equity share and record date of this event is 30 January. Shares of Balkrishna Industries closed after today’s trading at 2706.15 with gain of more than 5.5 percent.
5. Siemens
A electric equipment and automation has also declared a dividend of Rs. 12 per equity share to its shareholders and 30 January will the record date of this event. Today after closing of trading hours, share of Siemens closed in red with the loss of nearly 2 percent in a trading session.
6. Accelya Solutions
A small cap IT company Accelya Solutions has also announced a dividend payout of Rs. 50 per equity share. Record date of this dividend payout is 30 January.
Bonus
Bonus issue is extra shares given by the company to its shareholders free of cost and stock split divides the existing outstanding shares of the company into multiple shares.
Indraprastha Gas Limited
A city gas distribution company IGL has announced a bonus issue of share into 1:1 ratio. Company has decided one free share for every one share held by shareholders and the record date of this event is 30 January. IGL grew nearly 1.5 percent today and closed at 382.80 on NSE.
Stock Splits
Senco Gold
Jewellery company, Senco Gold announced a stock split into 1:1 ratio. After this split face value of its shares turn into Rs. 5 from Rs. 10. 31 January 2025 will be record date of this event. The stock has corrected almost 40 percent from peak. Today company’s shares fell by nearly 5 percent at 839.95 on NSE.
JBM Auto
Electric Buses and Commercial vehicles manufacturer JBM Auto is also splitting its share into 1:1 ratio. Face value of a share turns into Rs. 1 from Rs. 2. Shares of JBM Auto is key player in Automotive sector and Market Cap of this stock is above 16,000 crores.
Disclaimer:-