Today, on March 22 (Friday), the spotlight will be on stocks such as Power Finance Corporation Ltd, Bharat Electronics Ltd, Mishra Dhatu Nigam Ltd, Refex Industries Limited, and TIL Ltd in the stock market.
The boards of directors of these five companies have announced interim dividends, stock splits, and rights issues for their eligible shareholders.
The record date for determining the eligibility of shareholders for these actions has been set as March 22.
PFC’s Dividend for 2024:
Power Finance Corporation has declared a third interim dividend of ₹3.00 per equity share for the fiscal year 2023-24, bringing the total interim dividend for the year to ₹11 per share of ₹10 each.
BEL’s Dividend for 2024:
Bharat Electronics has declared an interim dividend of ₹0.70 per equity share. The dividend will be paid within 30 days from the date of declaration.
Mishra Dhatu Nigam’s Dividend for 2024:
Mishra Dhatu Nigam has declared an interim dividend of ₹1.41 per equity share for the fiscal year 2023-24.
Stock Split in March 2024:
Refex Industries: The company has announced a stock split from ₹10 per equity share to ₹2 per equity share.
Rights Issue in March 2024:
TIL Ltd: The company has declared a rights issue of equity shares.
Shares of these companies will trade ex-dividend or ex-split or ex-rights, depending on the action, on Friday.
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