Subscribe for real-time financial insights on Trade Target’s WhatsApp Channels
This week stocks of various companies, including Siemens, Havells, Metro Brands and Tips Industries Ltd are set to go ex-dividend. Some other companies are going to ex-bonus
The ex-dividend date is important for both current shareholders and those thinking about investing. It’s the day when a company’s shares are traded without including the value of the next dividend payment.
Simply put, if you bought the stock before the ex-dividend date, you qualify for the upcoming dividend payment. But, if your purchase happened on or after the ex-dividend date, you won’t get the dividend.
Here is the list of upcoming dividends in February 2024:
Upcoming Bonus in February 2024
Kanani Industries Ltd has announced a bonus issue in a 1:1 ratio, and the shares will trade ex-bonus on January 30.
Salasar Techno Engineering Ltd has declared a bonus issue in a 4:1 ratio, with shares set to trade ex-bonus on February 1.
Sandur Manganese & Iron Ores Ltd has announced a bonus issue in a 5:1 ratio, and shares will trade ex-bonus on February 2.
A bonus issue is a corporate action where existing shareholders are given the opportunity to subscribe to additional shares. Rather than increasing dividend payouts, companies opt to distribute extra shares to their shareholders. For instance, a company might choose to give one bonus share for every ten shares held. If you buy shares before the ex-bonus date, you’re entitled to the bonus shares; if you buy them on or after that date, you won’t receive the bonus.
