Bonus issues, stock splits & dividends: HDB Financial, IRFC, TechM among 19 stocks turning ex-record date this week

Around 19 companies have fixed their record dates for corporate actions like bonus issues, stock splits and dividends during the holiday-shortened week between October 19 (Monday) and October 23 (Friday).

To be eligible for these corporate actions, investors must hold the shares in their demat accounts as of the respective record dates. The list is tentative, as more companies may announce record dates for dividends, bonus issues, stock splits and rights issues during the week.

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Here is the day-wise list of corporate actions to watch out for this week:

October 19 (Monday)

Jattashankar Industries has fixed Monday as the record date for its stock split in the ratio of 1:10. This means that every share held in the company with a face value of Rs 10 each will be split into 10 shares with a face value of Re 1 each following the corporate action.

October 21 (Wednesday)

ICICI Prudential Asset Management Company has declared an interim dividend of Rs 30 per share, with the record date being fixed on October 21 (Wednesday). The company has declared three dividends since January this year, and the stock has a dividend yield of 0.97%.

Mangalore Refinery and Petrochemicals meanwhile will pay an interim dividend of Rs 3 per share, while Elecon Engineering Company will pay Rs 0.5 per share.

October 22 (Thursday)

Angel One and Tips Music will pay dividends worth Rs 1.4 per share and Rs 6.5 per share, respectively, with Thursday being fixed as the record date for both companies.

Meanwhile, JSW Dulux has also fixed Thursday as the record date for its stock split in the ratio of 1:10, meaning that each of its shares with a face value of Rs 10 each will be split into 10 shares with a face value of Re 1 each following the stock split.

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October 23 (Friday)

LTIMindtree accounts for the highest dividend payout among all the stocks turning ex-record date on Friday. The company is set to pay an interim dividend of Rs 25 per share. Tech Mahindra meanwhile will pay Rs 15 per share.

Indian Railway Finance Corporation (IRFC) has declared a dividend of Rs 1.15 per share, while ICICI Lombard General Insurance Company will pay Rs 7 per share. HDB Financial Services meanwhile will pay Rs 2 per share.

Other companies which have set Friday as the record date for their respective dividend payments include 360 ONE WAM (Rs 7.5 per share), Artemis Electricals and Projects (Rs 0.006 per share), Garuda Construction and Engineering (Rs 0.03 per share), Modison (Rs 4 per share) and Oberoi Realty (Rs 2 per share).

Titan Biotech meanwhile has announced a 1:4 bonus issue, while Azad India Mobility has declared a 1:5 stock split.

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.