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Bonus, Dividend Alert: Company to issue five free shares, ₹95 payout this week

Bonus, Dividend Alert: Company to issue five free shares, ₹95 payout this week

SUMMARY

From Shakti Pumps issuing five free shares to Akzo Nobel’s ₹70 per share dividend, here are some of the top corporate actions for the upcoming week.

Dividend Stocks

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From companies issuing dividend to the tune of ₹70 to even ₹95 per share to a company issuing five free shares for every one share held, multiple corporate actions are in store during this upcoming truncated week. Here is a look at these companies.

Akzo Nobel share price

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While most of the attention right now is what Akzo Noble promoters do with their stake in the Indian entity, the commpany will begin trading ex-dividend for the ₹70 per share payout it announced earlier. The record date for the same has been fixed as Wednesday, November 20, 2024.

Dividend

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Stocks like Asian Paints (₹4.25 per share), Ashok Leyland (₹2 per share) and Chambal Fertilisers (₹5 per share) have all fixed their record date as Tuesday, November 19, 2024.

ESAB India dividend

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ESAB India too had announced a healthy dividend payout of ₹25 per share earlier and the record date for the same has also been fixed as November 20.

Company: MRF | Net Profit: ₹2,041 crore | Dividend per share: ₹200 | While the top five dividend paying companies belong to MNCs, MRF stands out among Indian origin companies. The country’s largest tyre manufacturer occupies sixth spot with a DPS of Rs 200. However, the tyre manufacturer is also the most quoted stock on the bourses with the shares trading at about Rs 1.3 lakh per piece. During the year, the consolidated net profit of MRF more than doubled to Rs 2,787 crore. The Chennai-headquartered company also forayed into the High-End Bike Steel Radial tyres during the year. (Image: Shutterstock)

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MRF, who declared its usual ₹3 per share dividend along with its results, has also fixed its record date as November 9, 2024.

PGHH Dividend

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Procter & Gamble Hygiene & Healthcare, who announced a dividend of ₹95 per share alongside its results, has fixed November 20 as the record date for its payout.

Nifty

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Veedol Corporation had declared an interim dividend of ₹20 per share and the record date for the same has been fixed as November 22, 2024.

Dividend Stocks

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Stocks like Balrampur Chini (₹3 per share), EPL Ltd. (₹2.5 per share), IPCA Labs (₹2 per share) and PFC (₹3.5 per share), have all fixed their respective record dates as November 25, 2024, which happens to be next Monday.

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Shakti Pumps, whose shares are currently in the Long-term ASM Framework, had announced the issue of five bonus shares for every one share held by the shareholders as of the record date, which has now been fixed as November 25, 2024.

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