This week, the Indian stock market expects several corporate activities like dividend announcements and stock splits. Key companies to watch include Shree Cement, Honeywell Automation, Lakshmi Machine Works, and MRF for dividend announcements, and KSB and Magellanic Cloud for stock splits.
Dividend Payouts
Shriram Finance Ltd will distribute a final dividend of ₹15 per share on July 23, 2024, with the ex-dividend date being the same day and the record date on July 24, 2024. Shree Cement Ltd will give a final dividend of ₹55 per share on July 23, 2024, with the ex-dividend date and record date both set for July 23, 2024.
HIL Ltd and Novartis India Ltd have July 23, 2024, as their ex-dividend date and July 24, 2024, as the record date. They will distribute final dividends of ₹22.50 and ₹25 per share, respectively. TCPL Packaging Ltd and Goodyear India Ltd have their ex-dividend date on July 23, 2024, and record date on July 24, 2024. They will distribute final dividends of ₹22 and ₹15 per share, respectively.
HCL Technologies will pay an interim dividend of ₹12 per share on July 23, 2024, with the same ex-dividend and record date of July 23, 2024. On July 24, 2024, Pidilite Industries Ltd will pay a final dividend of ₹16 per share, with the ex-dividend date being July 24, 2024, and the book closure date on July 25, 2024. Honeywell Automation India Ltd will also pay a final dividend of ₹100 per share.
Lakshmi Machine Works Ltd has an ex-dividend date of July 24, 2024, and will distribute ₹75 per share as a dividend. FIEM Industries Ltd will pay a final dividend of ₹20 per share on July 24, 2024, with the book closure date on July 25, 2024.
Also Read: Upcoming Dividend Stocks 2024
Avadh Sugar & Energy Ltd will distribute ₹10 per share as a dividend on July 24, 2024, with the book closure date on July 25, 2024. MRF Ltd will pay a ₹194 dividend per share on July 25, 2024, with the book closure date on July 26, 2024.
Akzo Nobel India Ltd and United Breweries Ltd will distribute dividends of ₹25 and ₹10 per share, respectively, on July 25, 2024, with the book closure date on July 26, 2024. Magadh Sugar & Energy Ltd will pay a special dividend of ₹5 and a final dividend of ₹10 per share on July 25, 2024, with the record date on July 26, 2024.
On July 26, 2024, GRP Ltd will distribute a final dividend of ₹37.50 per share, with the same ex-dividend date and record date. Paushak Ltd will also pay ₹20 per share on July 26, 2024. BASF India Ltd will pay a dividend of ₹15 per share on July 26, 2024, with the book closure date on July 27, 2024. Galaxy Surfactants Ltd will distribute a final dividend of ₹22 per share on July 26, 2024, with the record date on July 26, 2024.
Stock Splits
KSB Ltd will undergo a stock split on July 24, 2024, changing the face value from ₹10 to ₹2 per share, with a split ratio of 5:1. Magellanic Cloud Ltd will undergo a stock split on July 25, 2024, changing the face value from ₹10 to ₹2 per share, with a split ratio of 5:1.
