Particle.news
Download on the App Store
4 ARTICLES
·
last mo.

Over 50 Indian Firms Set Ex-Dates for Dividends, Bonuses and Rights Issues Next Week

Under India's T+1 settlement cycle, investors must buy shares before ex-dates to qualify for next week's corporate actions.

Image
dividend
Image

Overview

  • Over 50 companies, including Sun Pharma, HDFC Bank and JSW Steel, are scheduled to go ex-dividend or ex-entitlement between July 7 and July 12.
  • Pfizer will distribute a combined Rs 165 per share on July 9; Mphasis will pay a Rs 57 per share dividend that day.
  • Meghana Infracon, Alkosign, Dynamic Cables and Roto Pumps will issue bonus shares in ratios from 1:1 to 2:1 with ex-dates on July 8 and July 11.
  • Exicom Tele-Systems and Indsoya will open rights issues on July 7, offering existing shareholders new subscription privileges.
  • Share prices typically adjust downward on ex-dividend dates to reflect impending payouts, which can affect portfolio valuations despite cash returns.