Mumbai: Investors are keeping a close watch this week as 15 prominent companies mark their record dates for dividends, bonus issues, and stock splits, signaling key corporate actions that could impact share prices and market sentiment. From Godfrey Phillips’ long-awaited bonus issue to stock splits by Zydus Wellness and Tourism Finance, the coming days are set to be active on the corporate calendar.
The spotlight falls first on Interarch Building Solutions, which will trade ex-dividend today as the record date for its ₹12.5 per share dividend arrives. Shareholders registered by this date will be eligible for the payout, marking the company’s first major distribution after its market debut.
Godfrey Phillips is set to reward its shareholders with a two-for-one bonus issue, with the record date fixed for Tuesday, September 16. The announcement comes after a prolonged wait, reflecting the company’s commitment to enhance shareholder value. On the same day, Dixon Technologies, an electronics manufacturing services (EMS) company, will observe its record date for a dividend of ₹8 per share, while Balmer Lawrie will record shareholders for a payout of ₹12.8 per share.
Midweek activity includes Garware Hi-Tech Films, which has announced a ₹12 per share dividend with a record date of Wednesday, September 17. GMDC, which has seen recent volatility in trading, will also record its shareholders for a ₹10.1 per share dividend on Thursday, September 18, alongside Honda India Power Products for its ₹21.5 per share dividend and Zydus Wellness, which will execute a stock split, breaking each ₹10 share into five ₹2 shares.
The week concludes with several companies marking record dates on Friday, September 19. Notably, Tourism Finance Corporation will implement a stock split, similar to Zydus Wellness, while Gulf Oil Lubricants announces its ₹28 per share dividend. Mazagon Dock Shipbuilders, the state-run defence equipment manufacturer, has fixed the record date for its ₹2.75 per share dividend. Other companies observing record dates include Ambika Cotton Mills (₹37 per share), Southern Gas (₹50 per share), Vinati Organics (₹7.5 per share), and Gujarat Alkalies (₹15.8 per share).
These corporate actions are significant not only for the immediate benefit to shareholders but also for their potential influence on market dynamics. Investors often adjust their positions around record dates, leading to short-term volatility, especially in stocks undergoing stock splits or issuing sizable dividends. With multiple companies lined up this week, the market is likely to see increased activity as traders and shareholders react to these announcements.
This week serves as a reminder that corporate calendars are vital for market participants, offering insights into dividend policies, shareholder rewards, and strategic decisions that can shape stock performance in both the short and long term.