Small cap company, Shree Securities Ltd has set record date this week for the purpose of determining eligibility of shareholders for sub-division/split of face value of equity shares.
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 shareholders will receive 5 shares for every share they own.
Shree Securities Ltd, is engaged in non-banking financial company (NBFC) activity and making both long term and short-term investment in quoted, as well as unquoted shares. The company has fixed Thursday, April 6 as the record date, to decide on the eligibility of shareholders entitled for sub-division in face value of equity shares of ₹10 to Re 1 each.
The ex-split date for the stock is similar to its record date.
Interim Dividend
Rail Vikas Nigam Ltd, and Vedanta Ltd have set their record dates this week to determine eligibility of shareholders for interim dividend payments.
The dividend will be paid to all shareholders whose names are recorded in the company's shareholder records as of the end of the record date.
Dividend payments to shareholders on a recurring basis are known as interim dividends. Interim dividends typically aren't as large as dividend payments made after the end of financial year. Generally, when quarterly earnings results are reported, these payments are announced.
Rail Vikas Nigam Ltd, which is a special purpose vehicle (SPV) engaged in undertaking development projects, has set Thursday, April 6, as the record date for the purpose of determining the shareholders eligible for interim dividend. Shares of these companies will trade ex-dividend similar to its record date.
According to the exchange filing of the company, the board declared interim dividend of ₹1.77 per equity share of face value of ₹10 (17.7%).
As per trendlyne data, the company has declared 7 dividends since September 6, 2019.
Vedanta Ltd, is engaged in producing aluminum, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, nickel, ferroalloys, glass display, optical fiber, and semiconductors. The company has set Friday, April 7, as the record date for the purpose of determining the shareholders eligible for interim dividend. Shares of these companies will trade ex-dividend on April 6.
According to the exchange filing of the company, the board declared interim dividend of ₹20.50 per equity share of face value of Re 1 (2050%).
As per trendlyne data, the company has declared 39 dividends since July 23, 2001.
