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Key corporate actions next week include dividends from L&T, Havells, ITC Hotels, Sula Vineyards, buybacks by Onward Technologies, Welspun Living.
Dividend Alert: L&T, Havells, ITC Hotels Among Key Stocks Trading Ex-Date Next Week
Dividend Stocks: Several listed companies are set to trade ex-dividend, ex-buyback, ex-split and ex-rights issue in the coming week, making them important stocks to watch for investors tracking corporate actions. Major names such as Larsen & Toubro Ltd, Havells India Ltd, L&T Technology Services Ltd, Great Eastern Shipping Company Ltd and ITC Hotels Ltd are scheduled for dividend-related actions.
L&T, L&T Tech, Havells Among Major Dividend Stocks
Engineering giant Larsen & Toubro Ltd will trade ex-date on May 22 for a final dividend of Rs 38 per share. Its financial arm L&T Finance Ltd has announced a final dividend of Rs 2.75 per share, while L&T Technology Services Ltd will turn ex-dividend for Rs 40 per share final dividend on the same day.
Havells India Ltd has fixed May 22 as the ex-date for its final dividend of Rs 6 per share.
Among healthcare companies, Metropolis Healthcare Ltd will trade ex-date on May 19 for an interim dividend of Rs 1 per share, while Jupiter Life Line Hospitals Ltd has announced an interim dividend of Rs 1 per share with the same ex-date window during the week.
ITC Hotels, Sula Vineyards, Himadri Also In Focus
ITC Hotels Ltd is set to trade ex-dividend on May 21 for a final dividend of Rs 1 per share.
Alcohol beverage maker Sula Vineyards Ltd has announced a final dividend of Rs 2 per share, while GM Breweries Ltd will trade ex-date for a final dividend of Rs 9 per share on May 21.
Chemical and industrial companies including Himadri Speciality Chemical Ltd, Vinyl Chemicals (India) Ltd and Jindal Saw Ltd have also announced final dividends.
Buyback Announcements To Watch
Technology company Onward Technologies Ltd will trade ex-date on May 18 for its share buyback.
Garware Technical Fibres Ltd and CMS Info Systems Ltd are also scheduled for buyback-related corporate actions during the week.
Meanwhile, Welspun Living Ltd has fixed May 22 as the ex-date for its buyback of shares.
Rights Issue, Stock Split And InvIT Distributions
Integra Essentia Ltd will trade ex-date on May 20 for its rights issue of equity shares.
In another corporate action, Gautam Exim Ltd has announced a stock split from face value of Rs 10 to Rs 5, with May 22 fixed as the ex-date.
Infrastructure investment trusts are also lined up for income distribution. IRB InvIT Fund, POWERGRID Infrastructure Investment Trust and Capital Infra Trust are scheduled for income distribution corporate actions during the week.
Key Corporate Action Dates Next Week
May 18: Onward Technologies buyback
May 19: Man Infraconstruction, Alicon Castalloy, Metropolis Healthcare dividends
May 20: Great Eastern Shipping dividend, Garware Technical Fibres buyback, Integra Essentia rights issue
May 21: ITC Hotels and GM Breweries dividends
May 22: L&T, L&T Technology Services, Havells India, Sula Vineyards, Welspun Living and several others
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