Dividends, bonus, stock splits, and more: Key corporate actions to watch this week

The coming week on Dalal Street is brimming with corporate activity, not through new listings or IPOs, but through dividends, stock splits, bonus shares, and rights issues. Among these major corporate actions, in the spotlight will also be several Tata Group and Adani Group companies that will go ex-dividend this week.

Let’s walk through the biggest moves scheduled between June 9 and June 13 –

Big Payouts: Dividend stars this week

Tata Elxsi leads with Rs 75 per share

Among all dividend announcements this week, the spotlight is firmly on Tata Elxsi, which is offering a hefty dividend of Rs 75 per share. The ex-dividend and record date falls on June 11.

Other high-dividend announcements

Several other notable companies are also rewarding shareholders. This includes –

• Tata Investment Corporation will pay Rs 27 per share (ex-date: June 10)
• Piramal Enterprises and Tata Chemicals are offering Rs 11 each (ex-date: June 12 and June 13 respectively)
• Sharda Motor Industries tops the list of other companies with a Rs 32.50 per share payout (ex-date: June 13)
• A mix of blue-chip firms like Asian Paints (Rs 20.55), Indian Bank (Rs 16.25), and Adani Ports (Rs 7.00) are also lined up with final dividends.

Tata vs Adani: 5-on-5 dividend payout

Interestingly, this week also sets the stage for a corporate dividend faceoff between Tata Group and Adani Group.

From the Tata Group stable, five companies are set to go ex-dividend this week. The action kicks off with Nelco, which will trade ex-dividend for a Rs 1 per share payout on June 9. This will be followed by Tata Investment Corporation on June 10, offering a hefty Rs 27 per share dividend. On June 11, Tata Elxsi will go ex-dividend with the group’s highest payout this week at Rs 75 per share. Rounding off the week are Tata Chemicals and Trent, trading ex-dividend on June 12 for Rs 11 and Rs 5 per share, respectively.

Meanwhile, five companies from the Adani Group are also rewarding shareholders on the same front. All five – ACC (Rs 7.5), Adani Enterprises (Rs 1.3), Adani Ports and SEZ (Rs 7), Ambuja Cements (Rs 2), and Adani Total Gas (Rs 0.25) – will go ex-dividend on June 13, making it a packed Friday for investors.

Bonus Alert: 3-for-2 Bonanza from VTM

Bonus hunters should mark June 11 on their calendars as VTM will go ex-date for its bonus issue in the ratio of 3:2. That means shareholders will get three bonus shares for every two shares they hold, effectively increasing their holdings while keeping the stock’s value adjusted.

Stock Splits: Vesuvius, Murae Organisor lower face value

Two companies are opting for stock splits this week to make their shares more affordable. This includes-

• Vesuvius India will split its shares from Rs 10 to Rs 1 face value on June 10
• Murae Organisor will split Rs 2 shares into Rs 1 on June 11

Rights Issue: 7NR Retail

Finally, for investors who want to increase their stake in an ongoing business, 7NR Retail is opening a rights issue. The ex-date for the issue is June 9, allowing eligible shareholders to subscribe to additional equity shares at a predetermined price.