scorecardresearchBonus, stock split, and dividend this week: 6 companies set record dates; check details

Bonus, stock split, and dividend this week: 6 companies set record dates; check details

Updated: 02 Jan 2023, 01:45 PM IST
TL;DR.
  • SecUR Credentials Ltd, G M Polyplast Ltd, Rama Steel Tubes Ltd, Globe Multi Ventures Ltd, Shriram Transport Finance Company Ltd, and Supreme Petrochem Ltd set record dates this week for bonus, stock split, and interim dividend.
Cos set record dates for bonus, interim dividend and stock split this week

Cos set record dates for bonus, interim dividend and stock split this week

Four small-cap companies, SecUR Credentials Ltd, G M Polyplast Ltd, Rama Steel Tubes Ltd, and Globe Multi Ventures Ltd, which declared bonus issue of equity shares recently, have set their record dates this week.

A company issues bonus shares—additional shares—to its existing shareholders. Bonus shares operate under the fundamental premise that they increase the number of shares issued while keeping a fixed ratio of shares held to shares outstanding.

For instance, 1:1 ratio means a shareholder will receive one share for every share she/he currently owns.

SecUR Credentials Ltd, which is engaged in the business of employee background verification and due diligence services to clients, has fixed Wednesday, January 4, as the record date for ascertaining the eligibility of shareholders entitled for the purpose of bonus shares in 3:1 ratio. The company's ex-bonus date is similar to its record date.

According to trendlyne data, the company has given 2 bonuses since May 18, 2022.

Similarly, G M Polyplast Ltd too has fixed Wednesday, January 4, as the record date to determine eligibility of shareholders for bonus shares.

The company, which is engaged in the business of manufacturing and supplying high-grade sheets and granule, will issue bonus shares to the selected shareholders in the ratio 6:1 i.e. issue of 6 equity shares for every existing 1 equity share held of 10. The company's ex-bonus date is similar to its record date.

Rama Steel Tubes Ltd, engaged in the manufacturing and trading of steel pipes, has fixed Friday, January 6, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares in the 4:1 ratio.

According to trendlyne data, the company has given 2 bonuses since March 14, 2016. The company's ex-bonus date is similar to its record date.

Globe Commercial Ltd, engaged in commercial services industry, has fixed Saturday, January 7, as the record date, to decide the eligibility of shareholders for bonus shares in 1:1 ratio. The company's ex-bonus date is Friday, January 6.

Interim Dividend

Large cap firm Shriram Transport Finance Company Ltd, a retail non-banking finance company (NBFC), which declared interim dividend in December, has set its record date on Wednesday, January 4, to determine eligibility of members for the same.

All shareholders whose names appear in the company's shareholder records as on the record date will receive the dividend.

Interim dividends are recurrent payments of dividends to shareholders. Dividend payments made during interim periods are often smaller than those made following the end of the fiscal year. These payments are often disclosed together with the quarterly financial results.

According to trendlyne data, the company has declared interim dividend at 150 percent, which is 15 per equity share. The company has declared 46 dividends since September 29, 2000. In the past 12 months, Shriram Finance Ltd has declared an equity dividend amounting to 12 per share.

The ex-dividend date of this stock is Tuesday, January 2.

Stock Split

Small cap company Supreme Petrochem Ltd, which is mainly engaged in the business of styrenics, has fixed Friday, January 6, as the record date for the purpose of sub-division/split of the face value of the equity shares of the company from existing 4 per share paid up to 2 per share paid up.

According to trendlyne data, the company had last split the face value of its shares from 4 to 2 in 2016.

The ex-split date of this stock is Thursday, January 5, according to Equitymaster.

A stock split occurs when a company issues extra shares to its existing shareholders while reducing the face value of each share by a predetermined ratio. For instance, if the ratio is 1:5, then the shareholder will receive 5 shares for every share they own.

Article
Stock split vs bonus issue
First Published: 02 Jan 2023, 01:45 PM IST