Two small cap companies, 360 One Wam Ltd, formerly known as IIFL Wealth Management Ltd, and Captain Pipes Ltd, have set record dates 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.
360 One Wam Ltd, formerly IIFL Wealth Management Ltd, which is primarily engaged in wealth and asset management services, has fixed Thursday, March 2, as the record date to decide on the eligibility of shareholders entitled for sub-division/ split of each existing equity share of face value of ₹2, into two equity shares of face value of ₹1 each.
The ex-split date for the stock is Wednesday, March 1, according to equitymaster.com
Captain Pipes Ltd, which is engaged in the business of manufacturing and selling of unplasticized polyvinyl chloride (UPVC) pipes and fittings, has fixed Friday, March 3, to decide on the eligibility of shareholders entitled for sub-division of 1 equity share of face value of ₹10 each fully paid-up to 10 equity shares of face value of ₹1 each.
The ex-split date for the stock is Thursday, March 2, according to equitymaster.com
Interim Dividend
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.
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.
Ujjivan Small Finance Bank Ltd, which operates through three segments such as, treasury, retail banking and corporate/ wholesale segments, has fixed Wednesday, March 1 as the record date for the purpose of determining the shareholders eligible for interim dividend.
As per company's exchange filing, the board declared interim dividend of 7.5% i.e ₹0.75 each, per equity share of face value ₹10 each.
Shares of these companies will trade ex-dividend on the record date.
Ksolves India Ltd, a software services and product company, has fixed Saturday, March 4 as the record date for the purpose of determining the shareholders eligible for interim dividend.
According to company's exchange filing, the board considered, recommended and declared the third interim dividend of ₹3 per share for the financial year 2022-23, and the interim dividend shall be paid within the statutory time limit to the equity shareholders of the company, whose names would appear on the register of members of the company as on the record date.
As per trendlyne data, the company has declared seven dividends since February 2, 2021.
