Dividends, stock splits, and corporate buzz – the coming week is loaded with key actions for keen-eyed investors. Whether you hold shares in large-cap names like CRISIL or smaller firms like Saraswati Saree Depot, here is a simple breakdown of what is happening between April 7 and April 11.
Dividend Announcements: Who is paying what
This week, a few companies have lined up dividend payouts for their shareholders. On Wednesday, April 9, Saraswati Saree Depot, will offer an interim dividend of Rs 1.51 per share.
Later in the week, on Friday, April 11, two more companies – Ashiana Housing and CRISIL will trade ex-dividend.
Ashiana Housing is a New Delhi-based real estate developer, has announced an interim dividend of Rs 1 per share for the financial year ended March 31. As per regulatory guidelines, the payment will be credited within 30 days from the date of declaration.
Meanwhile, CRISIL will offer a final dividend of Rs 26 per share. Shareholders on record by April 14 will be eligible for the payout.
Stock splits this week: Smaller pieces, same value
Apart from dividends, there are also stock splits by two companies this week. On Monday, April 7, Pervasive Commodities, an Ahmedabad-based manufacturer of electronic products, will undergo a 10-for-1 stock split, reducing the face value of its shares from Rs 10 to Rs 1. The stock will trade ex-split on the same day, with April 7 as the record date.
Towards the end of the week, on Friday, April 11, Enbee Trade & Finance will also conduct a 10-for-1 stock split.
Siemens spin-off
Apart from dividends and splits, Siemens will undergo a spin-off on Monday, April 7. This means it will separate one of its businesses into an independent company by issuing new shares to existing shareholders.