Dividend Stocks: Shares of Vedanta Limited, Tata Consumer Products Ltd, QGO Finance Ltd, Bharat Dynamics and Som Distilleries & Breweries Ltd will be in focus when the stock market opens on Friday, May 24.
The boards of directors of these companies have declared interim dividends, final dividends and stock splits to eligible shareholders.
The companies have fixed May 24 as the record date for confirming shareholders' entitlements for their respective issues.
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dividend
Vedanta: The company will pay an interim dividend ₹11.00 per share.
Vedanta said in a stock exchange filing that its board of directors has declared a “dividend for the first quarter”. ₹ Face value of Rs 11 per share ₹ 1 per equity share for FY 2024-25, totalling approximately Rs. ₹ 4,089 crores.
Tata Consumer ProductsThe company paid a final dividend of ₹7.75 per share.
“The board of directors has decided to revoke the dividend,” Tata Consumer Products said in a stock exchange filing. ₹7.75 per share ₹One share each (775%), subject to approval at the 61st Ordinary General Meeting of Shareholders.
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QGO Finance: The company will pay an interim dividend ₹0.15 per share.
QGO Finance said in a stock exchange filing that its board of directors has “declared interim dividend of Rs 0.0015 per share (1.5%) (subject to deduction of tax at source) on face value of paid up equity shares of Rs 10 per share for the quarter ending January 24 to March 24.”
“It is further hereby notified that the 'record date' for ascertaining the entitlement of shareholders for payment of interim dividend for the financial year 2023-24 shall be deemed to be Thursday, May 24, 2024,” the filing added.
Shares of Vedanta, Tata Consumer Products and QGO Finance will trade ex-dividend on Thursday.
Stock split
Bharat Dynamics: The company announced a stock split. ₹10 per share ₹5 of each.
In a stock exchange filing, Bharat Dynamics said, “The company wishes to inform you that it has fixed Friday, May 24, 2024 as the record date for the purpose of determining the eligibility of the shareholders for subdivision of each existing fully paid up equity share of face value of Rs 10 (Rs 10 only) into two fully paid up equity shares of face value of Rs 5 (Rs 5 only).”
Somm Distillery and Brewery: The company announced a stock split. ₹$5 per share ₹2 of each.
Som Distilleries and Breweries said in a stock exchange filing that its board has approved “dividing each equity share of the company having a face value of Rs 5 into a face value of Rs 2”.
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