News Topical, Digital Desk : Next week, the ex-dates for corporate actions for more than 10 companies will be approaching. This means that next week will determine who will benefit from these corporate actions. Two of these companies have announced dividends to their investors, two are offering bonuses, and two have announced stock splits. Take a look at next week's corporate action.
Which companies are distributing dividends?
Canara Robeco Asset Management Company Ltd has announced an interim dividend of Rs 1.5 per share to its investors. The record date for the dividend payment has been declared as December 22nd. Prakash Pipes Ltd has also announced an interim dividend for its investors. The company will pay a dividend of Rs 1 to investors with a record date of December 24th.
Which companies' stocks will be split? Knowledge Marine & Engineering Works Ltd has announced a stock split, for which a record date has been set as December 22nd. The company will split its stock with a face value of Rs 10 into shares of Rs 5 each. Nuvama Wealth Management Ltd's stock will also be split, and the record date for this has been set as December 26th. The company will convert a stock with a face value of Rs 10 into five stocks of Rs 2 each.
Which companies will distribute bonuses? GRM Overseas Ltd. is going to give two bonus shares to investors for every one of its shares. The record date for this has been set as December 24th. Ram Ratna Wires Ltd. has also distributed a bonus; the company will give one bonus share for every one of its shares. The record date for this has been set as December 26th.
Read More: NMDC shares have once again reached ₹80. Will a breakout occur in a year?
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