Dividend, bonus issue: Shares of Coal India, NTPC, India Energy Exchange, Shriram Finance, Indraprastha Gas, Cenco Gold and 11 other companies will be on X-trades on Friday (31 January). According to BSE data, these companies announced corporate actions like Dividend, Bonus Issue and Stock Split.
Government coal company Coal India, Indian Energy Exchange and NTPC have announced an interim dividend of Rs 5.60, Rs 1.50 and Rs 2.50 respectively. Automobile Corporation of Goa and Rights have announced an interim dividend of Rs 5 and Rs 1.90 respectively for their shareholders.
Apart from this, Indraprastha gas has announced a bonus share in 1: 1 ratio for its shareholders. Under this, an equity share will be free on every stock with face value of Rs 2. This eligible shareholder will be given on a record date.
At the same time, Senco Gold, JBM Auto, Kiduja India and Mohite Industries will trade on X-Det on Friday (January 31) after the announcement of stock dividend.
The shares of these companies will be on X-det on Friday (31 January).
What is X-Det?
The X-Det is the date after which an investor is not eligible for the benefits declared by the company by purchasing shares. Therefore, it is necessary to buy shares before X-Det to take advantage of these benefits. On the other hand, the record date is the date when the company decides which investors will be eligible for these benefits.