Angel One, Galaxy Surfactants, and 5 other stocks will be ex-dividend on March 20th. Investment before the ex-date is necessary to benefit from dividends, stock splits, and rights issues.
Bonus, Stock Split: Due to corporate actions such as dividends, stock splits, and rights issues, shares of Angel One, Exteel Industries, Blue Pearl Agri Ventures, Galaxy Surfactants, and Praxis Home Retail will be noteworthy for investors on Wednesday (March 19th). According to a BSE report, these companies' shares will become ex-dividend on Thursday (March 20th).
Which stocks will be ex-dividend?
1. Galaxy Surfactants:
Galaxy Surfactants has declared an interim dividend of ₹18 per share for its shareholders. The company has set the record date for this as March 20th, 2025.
2. Angel One and Exteel Industries:
Angel One has announced an interim dividend of ₹11 per share, while Exteel Industries has announced ₹5 per share. The record date for both companies is also fixed as March 20th, 2025.
3. Praxis Home Retail:
Praxis Home Retail has announced the issuance of 4.95 crore fully paid equity shares with a face value of ₹5 each, as a rights issue at ₹10 per share (₹5 face value + ₹5 premium). The record date for this is set as March 20th, 2025.
4. Blue Pearl Agri Ventures:
Blue Pearl Agri Ventures has announced a stock split of 1 equity share (with a face value of ₹10) into 10 fully paid equity shares. This means investors will receive 10 new shares for every share held. The record date for this is also set as March 20th, 2025.
What is the meaning of ex-date and record date?
The ex-date is the date after which, if an investor buys shares, they will not be eligible for the dividend or other benefits declared by the company. That is, if the investor wants to take advantage of these benefits, they must buy the shares before the ex-date.
The record date is the date on which the company determines which investors will receive the benefits. Those who hold shares before the ex-date will be entitled to the benefits based on the record date.
What is the opportunity for investors?
If an investor wants to benefit from the dividend, stock split, or rights issue, they must purchase shares of these companies before March 20th. These corporate actions can bring fluctuations in the market, potentially resulting in good returns for investors.
(Understand the company's fundamentals and market trends before investing.)
