Stock splits & dividends: Oil India, Cochin Shipyard, MRF among 31 companies turning ex-record date this week

As many as 31 companies including Cochin Shipyard, Oil India, MRF, Power Finance Corporation (PFC), Manappuram Finance and others, have scheduled record dates for dividends and stock splits during the week between November 16 (Monday) to November 20 (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.

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


November 16 (Monday)

Shipping Corporation of India will turn ex-record date on Monday for an interim dividend of Rs 4 per share, while Cochin Shipyard will pay Rs 6 per share. ASM Technologies will pay an interim dividend of Rs 6 per share.

Other companies which have fixed Monday as the record date for their respective dividends include Australian Premium Solar (Rs 0.15 per share) and Indag Rubber (Rs 0.9 per share).

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BN Agrochem meanwhile will turn ex-record date for a 1:10 stock split.

November 17 (Tuesday)

Power Finance Corporation (PFC) has fixed Tuesday as the record date for its interim dividend of Rs 4.1 per share, while MRF will pay an interim dividend of Rs 3 per share. Nile will also pay an interim dividend of Rs 3 per share, while EAAA India Alternatives will pay Rs 7 per share.

Oriental Infra Trust and Power Grid Infrastructure Investment Trust will turn ex-record date for their respective payouts.

November 18 (Wednesday)

Page Industries has fixed Wednesday as the record date for its interim dividend of Rs 150 per share, while AK Capital Services will pay an interim dividend of Rs 18 per share. Manappuram Finance and ARCL Organics will each pay an interim dividend of Rs 1 per share.

Other companies which have fixed Wednesday as the record date for their respective interim dividends include TD Power Systems (Rs 0.65 per share), Connplex Cinemases (Rs 0.5 per share), and Royal Arc Electrodes (Rs 0.5 per share).

Meanwhile, Praxis Home Retail and Ironwood Education will turn ex-record date for their respective rights issues.

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November 19 (Thursday)

Ingersoll Rand (India) has fixed Thursday as the record date for its interim dividend of Rs 20 per share.

November 20 (Friday)

Oil India has fixed Friday as the record date for its interim dividend of Rs 7 per share, while Prevest Denpro will pay an interim dividend of Rs 1 per share. Venus Pipes & Tubes and Rama Phosphates will each pay an interim dividend of Rs 0.5 per share.

Other companies which have fixed Friday as the record date for their respective interim dividends include Steelcast (Rs 0.45 per share), Talbros Automotive Components (Rs 0.3 per share), and Shanmuga Hospital (Rs 0.1 per share).

Meanwhile, Ashok Leyland and PDP Shipping & Projects will also turn ex-record date on Friday for their respective dividends.

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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 disclaimershere.