Companies set record dates for dividends and bonus shares this week
What happened
- Around 10 companies have set record dates for dividends and bonus issues between September 28 and October 1.
- Aastha Spintex and Maestro Electronics have announced bonus issues.
- SAIL, IGL, Saraswati Saree Depot, and others have announced dividend payments.
- The stock market will be closed on October 2 for Mahatma Gandhi Jayanti.
Key terms explained
Financial terms from this story, in everyday words.
- Record date
- The cutoff date set by a company to decide which shareholders are eligible to receive dividends or bonus shares.
- Bonus issue
- Extra shares given to existing shareholders for free by the company.
- Dividend
- A portion of a company's profit paid out to its shareholders.
- Ex-record date
- The date on or after which a buyer of a stock is no longer entitled to the upcoming dividend or bonus.
Original source
The Economic Times
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For information only — not investment advice.Summarized automatically; always check the original before acting.