Several companies are set to remain in focus on Friday, May 29, as they trade ex-date for key corporate actions including dividends, bonus issues, buybacks and stock splits.
Life Insurance Corporation of India (LICI) will trade ex-bonus for its 1:1 bonus issue, making it one of the key stocks to watch in Friday’s session. Zydus Lifesciences, Cybertech Systems and Dhanuka Agritech will also remain in focus due to their respective buyback announcements.
Among dividend-paying companies, Bajaj Auto has announced a massive dividend of ₹150 per share, while GlaxoSmithKline Pharmaceuticals declared a dividend of ₹57 per share. Colgate Palmolive (India) will trade ex-interim dividend of ₹24 per share.
Here are the major corporate actions scheduled for May 29:
LICI – Bonus issue in the ratio of 1:1
Zydus Lifesciences – Buyback
Cybertech Systems – Buyback
Dhanuka Agritech – Buyback
Bajaj Auto – Dividend of ₹150 per share
GlaxoSmithKline Pharmaceuticals – Dividend of ₹57 per share
Colgate Palmolive (India) – Interim dividend of ₹24 per share
Torrent Pharmaceuticals – Dividend of ₹9 per share
JB Chemicals & Pharmaceuticals – Dividend of ₹9.30 per share
ICICI Lombard General Insurance – Dividend of ₹7 per share
Eris Lifesciences – Interim dividend of ₹7.21 per share
Home First Finance – Dividend of ₹5.20 per share
UNO Minda – Dividend of ₹1.75 per share
Bank of India – Dividend of ₹4.65 per share
Caplin Point Laboratories – Interim dividend of ₹4 per share
S Chand & Company – Interim dividend of ₹4 per share
BCPL Railway Infrastructure – Dividend of ₹1 per share
Advani Hotels & Resorts – Interim dividend of ₹0.80 per share
Le Merite Exports will also trade ex-split following the subdivision of equity shares from face value of ₹10 each to ₹2 each.
Corporate actions such as dividends, bonus issues, buybacks and stock splits generally impact stock prices on the ex-date as the eligibility for shareholder benefits gets adjusted.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.
