More than 40 corporations will have their shares entering ex-dividend trading status, with various corporate actions planned for the upcoming five-day period. These actions include dividend distributions, bonus share issuances, mergers, and share splits.
Market participants will focus on several major companies including Oil and Natural Gas Corporation (ONGC), MRF, Akzo Nobel, Cochin Shipyard, and Ashok Leyland Limited in the coming week.
The corporate actions involve establishing record dates for dividend eligibility, which determines shareholder qualification for dividend payments. Notable companies have announced their dividend plans: ONGC will distribute Rs 6 per share as interim dividend, Akzo Nobel India will provide Rs 70 per share, and MRF has set Rs 3 per share. MRF’s record date is November 20, with ex-dividend trading beginning November 19. Similarly, ONGC and Akzo Nobel shares will commence ex-dividend trading on November 19, setting November 20 as their record dates.
Additional companies announcing interim dividends include Cochin Shipyard (Rs 4 per share), Manappuram Finance (Rs 1 per share), and Chambal Fertilisers & Chemicals (Rs 5 per share). November 19 marks the ex-dividend date for Cochin Shipyard and Chambal Fertilisers, while Manappuram Finance begins ex-dividend trading on November 18.
Ex-Dividend Trading Schedule
- Emami Limited: Ex-dividend trading starts November 18, 2024; interim dividend of Rs 4 per share
- Manappuram Finance Limited: Ex-dividend date November 18, 2024; interim dividend of Rs 1 per share
- Sundram Fasteners Limited: Interim dividend of ₹3 per share; record date November 18, 2024
- Procter & Gamble Hygiene and Health Care Limited: Ex-dividend trading begins November 19, 2024; interim dividend of Rs 95 per share
- R Systems International Limited: Ex-dividend date November 19, 2024; interim dividend of Rs 6.50 per share
- Asian Paints Limited: Interim dividend of Rs 4.25 per share; record date November 19, 2024
- Ashok Leyland Limited: Ex-dividend trading starts November 19, 2024; interim dividend of Rs 2 per share
- Akzo Nobel India Limited: Ex-dividend date November 19, 2024; interim dividend of Rs 70 per share
Understanding Ex-Date
The ex-date represents the final day for share purchases that qualify for dividend or bonus benefits. Share purchases after this company-determined date will not receive these benefits.
Disclaimer: stocktrading4u.com provides stock market related news for informational purposes only and should not be construed as investment advice in any way. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.