On Monday, May 27, Stovec Industries (Rs 115/share) will go ex-dividend. Meanwhile, on Tuesday, May 28, CMS Info Systems (Rs 3.25/share) and Trident (Rs 0.36/share) will trade ex-dividend.
GPT Infraprojects (Re 1/share), and LT Foods (Rs 0.5/share) will trade ex-dividend on Thursday, May 30.
On Friday, May 31, Caplin Point Laboratories (Rs 2.5/share), GlaxoSmithKline Pharmaceuticals (Rs 32/share), Havells India (Rs 6/share), Indian Energy Exchange (Rs 1.5/share), Infosys (Rs 28/share), JSW Energy (Rs 2/share), LKP Securities (Rs 0.15/share), Muthoot Finance (Rs 24/share), Sundaram Finance Holdings (Rs 2.05/share), Advani Hotels & Resorts (India) (Rs 0.8/share), and Alicon Castalloy (Rs 3/share) will trade ex-dividend.
The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All shareholders whose names appear on the company’s list by the end of the record date will be eligible to receive dividends.Also Read: Top 5 smallcap mutual funds that turned monthly SIP of Rs 20,000 up to Rs 1 crore in 10 yearsBalaxi Pharmaceuticals Ltd will undergo a stock split from Rs 10 to Rs 2 on Thursday, and Davangere Sugar Company will split from Rs 10 to Rs 1 on Friday.A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors holding the stock until the record date will receive the new shares in their demat accounts, and the stock price will be adjusted according to the split ratio.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times.)