Dividend, Split Stocks Today: Som Distilleries & Breweries, Likhitha Infrastructure trade ex-date

Dividend, Split Stocks Today: As many as two stocks are trading ex-date for dividend and split today. These stocks are Som Distilleries & Breweries and Likhitha Infrastructure.

Som Distilleries & Breweries Limited Dividend 

Som Distilleries & Breweries traded ex-date on December 2, Friday. The company has announced an interim dividend of Rs 0.25 per share with a face value of Rs 5 and set the record date as December 2.

Likhitha Infrastructure Split

Likhitha Infrastructure traded ex-split date on December 2, Friday. The share will split in the ratio 1:1, meaning one share will split into 2 shares. Accordingly, the face value of the share will be adjusted in the same ration. The face value of each share of Likhitha Infrastructure is Rs 10. After split, the face value will be Rs 5. December 2 is the record date for split.

"...split/Subdivision of 1 (One) equity share having Face Value of Rs. 10/- (Rupees Ten Only) each into 02 (Two) Equity shares having Face Value of Rs. 05/- (Rupee Five Only) each. ..," the company had informed earlier in an exchange filing.

Both split and bonus are corporate actions. In dividend, a company pays a certain amount to the shareholders as a reward without reducing its cash balance. A portion of the company's profit is distributed to its shareholders either as an interim dividend or final dividend.

In case of split, the company alters the face value of existing shares. When a company announces to split its stock, the number of outstanding shares increases while the price of each share decreases. The face value of the stock also splits in the announced ratio.

Dividend Stocks Next Week

As many as 3 stocks will trade ex-dividend date next week. 

Hinduja Global Solutions Limited will trade ex-date on December 7. The company has announced an interim dividend of Rs 5 per share with a face value of Rs 10 and set the record date as December 8.

Can Fin Homes Limited will trade ex-date on December 8. The company has announced an interim dividend of Rs 1.50 per share with a face value of Rs 2 and set the record date as December 9.

Aptus Value Housing Finance India Limited will trade ex-date on December 8. The company has announced an interim dividend of Rs 2 per share and set December 9 as record date.

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