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3 companies set record dates for stock splits and dividends this week

Shree Securities Ltd has set Thursday, April 6, as the record date for sub-division/split of face value of equity shares from rupees 10 to rupees 1 each.

Rail Vikas Nigam Ltd and Vedanta Ltd have set their record dates this week to determine eligibility of shareholders for interim dividend payments.

Interim dividends typically aren’t as large as dividend payments made after the end of financial year.

Rail Vikas Nigam Ltd has set Thursday, April 6, as the record date for interim dividend of rupees 1.77 per equity share with face value of rupees 10 (17.7%).

Vedanta Ltd has set Friday, April 7, as the record date for interim dividend of rupees 20.50 per equity share of face value of rupees 1 (2050%).

Shares of these companies will trade ex-dividend similar to their record date.


Stock splits occur when a company issues extra shares to its existing shareholders while reducing the face value of each share by a predetermined ratio.


Dividend payments to shareholders on a recurring basis are known as interim dividends.

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3 companies set record dates for stock splits and dividends this week

Shree Securities Ltd, Rail Vikas Nigam Ltd, and Vedanta Ltd set record dates this week for stock split, and interim dividend.

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