Attention Investors: SBI and 17 Other Stocks Set for Ex-Dates This Week—Do You Hold Any?

In the upcoming week from May 11 to May 15, a total of 18 stocks are set to turn ex-date for key corporate actions including dividends, bonus issues, and stock splits. Notable among these are prominent companies such as State Bank of India (SBI), Manappuram Finance, Godrej Consumer Products, and Anand Rathi Wealth. Investors should be mindful that in order to qualify for these corporate actions, they must own the shares as of the respective record dates established by each company. This week presents an opportunity for keen investors to capitalize on the stipulated dividends and bonuses, marking a significant period in the corporate financial calendar.

Highlights from various companies include Kothari Petrochemicals and Manappuram Finance, both of which have set their record dates on May 11 for interim dividends of Rs 1 and Rs 0.50 per share, respectively. Additionally, Aptus Pharma will be issuing a bonus share on May 12, while Godrej Consumer Products has slated May 12 as its record date for an interim dividend of Rs 5 per share. Other noteworthy dividends include NRB Bearings on May 13, and several firms such as Brookfield India Real Estate Trust REIT and Oberoi Realty holding their record dates on May 14 for dividend consideration. These outlined actions provide a clear interest point for investors in diverse sectors.

The activity continues through May 15, with Anand Rathi Wealth and Indian Energy Exchange (IEX) also establishing record dates for their respective dividend and payout distributions. Notable mentions include a bonus issue and stock split from Dev Labtech Venture, as well as bonus issues from Biogen Pharmachem Industries. The market is essentially preparing for these financial movements, particularly with elite players like State Bank of India declaring a substantial dividend of Rs 17.35 per share for its shareholders on record date May 16, effectively May 15. Investors are encouraged to track these dates closely to maximize their investment potential through strategic decisions.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova team.)