This week brings a busy slate of corporate actions, with the record dates lined up of several companies that have declared interim and final dividends.
Adani Power Ltd. and Nazara Technologies Ltd. will split their stocks this week. Meanwhile, National Fertilizers Ltd, Aurionpro Solutions Ltd., India Glycols Ltd., Bondada Engineering Ltd., SMS Pharmaceuticals Ltd will pay their final dividends.
Investors eyeing dividend payouts or stock-split benefits must keep a close watch on these dates to ensure eligibility.
To be eligible for such corporate actions, investors should note the record date that determines shareholder eligibility. Under India’s T+1 settlement cycle, shares purchased on the record date itself will not qualify for the benefit. The ex-date, which typically coincides the record date, is when the share price adjusts to reflect the corporate action.
Here is a look at companies that declared dividends and have key dates coming up this week.
