SUMMARY
From TCS’ dividend bonanza to Jai Balaji Industries’ stock split, these are some of the major corporate actions that are taking place this week.
1 / 7Earnings season will gather steam this week. Multiple companies announced dividends and stock splits earlier, along with bonus issues and those will see their respective record dates taking place this week. Here is a look at such companies.
2 / 7TCS | The Tata Group giant announced its second-highest dividend payout ever with a ₹76 announcement per share, along with its Q3 results last week. This includes an interim dividend of ₹10 per share and a special dividend of ₹66 per share. The record date for both has been fixed as Friday, January 17, 2025.
3 / 7CESC | The company also declared results last week, along with which, it has declared an interim dividend of ₹4.5 per share. The record date for the same has been fixed as Thursday, January 16.
4 / 7PCBL | The RPSG Group company declared an interim dividend of ₹5.5 per share on Friday, along with its Q3 results. The record date for the dividend payout has been fixed as Thursday, January 16.
5 / 7Jai Balaji Industries | The company has decided to split one share of ₹10 into five shares of ₹2 each. The record date for the same has been fixed as Friday, January 17.
6 / 7Kitex Garments | The company will issue two bonus shares to its shareholders for every one share held. The record date for this has been fixed as Friday, January 17. However, it must be noted that the stock trades under stage 4 of the Long-term Additional Surveillance Measures (ASM) framework, which requires 100% upfront margins to be traded and also has a 5% circuit limit, along with other restrictions.
7 / 7Nava | The company had also announced the division of one share of ₹2 each into two shares of ₹1 each and the record date for that stock split has been fixed for next Monday, January 20. This means shareholders will need to have the stock in their demat account by the end of this week to be eligible for this stock split.
