Easy Trip Planners (Rs 0.1/share) will trade ex-dividend on 19th December. Kovilpatti Lakshmi Roller Flour Mills (Rs 2/share), R Systems International (Rs 6.8/share), Sarthak Metals (Re 1/share), and Zeal Global Services (Re 1/share) will trade ex-dividend on 22nd December.
Meanwhile, on December 23rd, Mahickra Chemicals (Rs 0.3/share) will trade ex-dividend.
The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company’s list by the end of the record date will be eligible to receive dividends.
IFL Enterprises (1:10) on Monday, while Kritika Wires (2:1) and Paul Merchants (2:1) on Tuesday will trade ex-bonus.
Also, Alphalogic Techsys (1:3) and Axita Cotton (1:3) on Friday will trade ex-bonus.
A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.
The bonus shares once allotted will rank pari‐passu in all respects and carry the same rights as the existing equity shares and will be entitled to participate in full in any dividend and other corporate actions recommended.
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