Dividends & stock splits: L&T Tech, Shriram Finance among 24 stocks turning ex-record date this week. Do you own?

As many as 24 companies are set to turn ex-record date for dividends, stock splits and other corporate actions during the upcoming week starting October 26.

To be eligible for these corporate actions, investors must hold the shares in their demat accounts as of the respective record dates. The list is tentative, as more companies may announce record dates for dividends, bonus issues, stock splits and rights issues during the week.

Here is the day-wise list of corporate actions to watch out for this week:

October 26 (Monday)

Hexaware Technologies has fixed Monday as the record date for its interim dividend of Rs 9.5 per share. Midas Fashions will turn ex-record date for a stock split in the ratio of 1:2, meaning that every share with a face value of Rs 10 will split into two shares with a face value of Rs 5 each.

October 27 (Tuesday)

L&T Technology Services has fixed Tuesday as the record date for its interim dividend of Rs 20 per share. Anantam Highways Trust will also turn ex-record date for its dividend.

Indian Emulsifiers and Magnus Steel and Infra have fixed Tuesday as the record date for their respective rights issues.

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October 28 (Wednesday)

Cyient has set Wednesday as the record date for its interim dividend of Rs 12 per share, while Nippon Life India Asset Management will turn ex-record date for an interim dividend of Rs 9.5 per share. Meanwhile, Urban Enviro Waste Management has fixed Wednesday as the record date for its rights issue in the ratio of 1:1.

October 29 (Thursday)

Shriram Finance has fixed Thursday as the record date for an interim dividend of Rs 6.5 per share, CRISIL for Rs 17 per share, and KSolves India for Re 1 per share.

Meanwhile, Chandni Machines will turn ex-record date for a stock split in the ratio of 1:10, where each share with a face value of Rs 10 will split into 10 shares with a face value of Re 1 each.

October 30 (Friday)

Chennai Petroleum Corporation has fixed Friday as the record date for an interim dividend of Rs 25 per share, Ador Welding for Rs 7.5 per share, Steel Strips Wheels for Rs 1.5 per share, Amwill Health Care for Rs 0.5 per share, Hypersoft Technologies for Rs 0.25 per share, and Sagility for Rs 0.15 per share. DCM Shriram and RailTel Corporation of India will also turn ex-record date for their respective dividends.

Additionally, Galaxy Agrico Exports and Meenakshi India will turn ex-record date for stock splits. Interactive Financial Services will turn ex-record date for its rights issue.

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Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.