Dividends, AGMs, and Buybacks: Reliance Industrial Infra, Manappuram Finance, and Indian Hotels Among 3 Stocks to Watch This Week

This week, several companies, including Reliance Industrial Infrastructure (RIIL), Manappuram Finance, and Indian Hotels, will be in the spotlight due to various corporate actions like dividends, annual general meetings (AGMs), bonus issues, and buybacks. Here’s a rundown of what’s happening:

Dividends

• Reliance Industrial Infrastructure: Announced a dividend of Rs 3.50 per share. The record date to determine eligible shareholders is June 5.
• Manappuram Finance: Announced a dividend of Re 1 per share. The record date is June 5.
• Indian Hotels: Declared a dividend of Rs 1.75 per share, with a record date of June 7.
• IndiaMart InterMesh: Focused on its record date of June 7 for a dividend of Rs 20 per share.
• SMC Global Securities: Set the record date for a dividend of Rs 1.20 per share on June 7.
• Uno Minda: Announced a dividend of Rs 1.35 per share, with the record date on June 7.
• Home First Finance: Announced a dividend of Rs 3.40 per share, with the record date on June 7.
• Himadri Speciality Chemical: Will hold its AGM on June 7, which is also the ex-date for its dividend of Rs 0.50 per share.
• ICICI Lombard General Insurance: Declared a dividend of Rs 6 per share, with the ex-date on June 7.
• JM Financial: Declared a dividend of Rs 2 per share, with the ex-date on June 7.

Annual General Meetings (AGMs)

• Indian Bank: Will hold its AGM on June 7.
• Himadri Speciality Chemical: Will also hold its AGM on June 7, which is the same date as its dividend ex-date.

Buyback

• Sharda Motor Industries: Announced a buyback of 10.28 lakh shares at Rs 1,800 per share. The record date is June 5.

Stock Split

• Motilal Oswal: Announced a 1:3 bonus issue, with the record date set for June 10.

These corporate actions are significant for investors to track, as they may impact stock prices and shareholder returns.