stockmarket news: Corporate actions this week: IRFC, Gujarat Gas to go ex-dividend, Power Grid Corporation ex-bonus and more

There are a host of corporate actions scheduled for this week. IRFC, Jindal Stainless, Gujarat Gas, Jupiter Wagons, Gokaldas Exports, and Landmark Cars will trade ex-dividend, while Power Grid Corporation will trade ex-bonus this week.

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.

On 11th September, Gujarat Gas (Rs 6.65/share), Landmark Cars (Rs 2.25/share), Sterling Tools (Rs 2/share), Dilip Buildcon, Dynamic Industries, Asahi India Glass, Hisar Metal Industries, Nitin Spinners and Garware Technical Fibers will trade ex-dividend. While AIA Engineering (Rs 16/share), Jupiter Wagons (Rs 0.5/share), Bhagwati Autocast ( Rs 2/share), Dhunseri Tea & Industries, MSTC and Hindustan Hardy will trade ex-dividend on 12th September.

Meanwhile, Gokaldas Exports (Re 1/share), Hinduja Global Solutions (Rs 2.5/share), Hester Biosciences (Rs 8/share), Alicon Castalloy, Cindrella Hotels, Dhunseri Ventures and Kalyani Forge will trade ex-dividend on 13th September. Also, J Kumar Infra (Rs 3.5/share), Radico Khaitan (Rs 3/share), TV Today Network (Rs 3/share), Amrutanjan Health Care, Lakshmi Mills Company, Prestige Estate Projects, GOCL Corporation and Reliance Chemotex Industries will trade ex-dividend on 14th September.

On Friday, September 14th, IRFC (Rs 0.7/share), Jindal Stainless (Rs 1.5/share), MCX ( Rs 19.09/share), Cantabil Retail India, Creative Casting, Eldeco Housing & Industries, Krsnaa Diagnostics, Vardhman Special Steels, Uttam Sugar Mills, Garden Reach Shipbuilders and Apollo Pipes will trade ex-dividend on 15th September.

Power Grid Corporation of India (1:3) on Tuesday, Infinium Pharmachem (1:1) on Wednesday, and Sarveshwar Foods (2:1) & Tinna Rubber and Infrastructure (1:1) on Friday will trade ex-bonus.

Shares of ADF Foods (Rs 10 to Rs 2) on Monday, and Sarveshwar Foods (Rs 10 to Re 1) on Friday will ex-split. Whereas, the ex-date for the right issue of Bhandari Hosiery Exports on Wednesday, and Varanium Cloud on Friday was fixed.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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