Persistent Systems Rs 20 dividend, Superior Finlease stock split ex-date, record date, dividend payment date- All you need to know

There are two corporate actions due for today (Friday) and tomorrow (Saturday). As per corporate filing of Superior Finlease Ltd and Persistent Systems Ltd, the board of directors of the former has fixed record date for stock split on January 28 and latter has set the record date for interim dividend to January 29.  

Banking and finance services provider Superior Finlease ltd will see splitting of one equity share of face value of Rs10 each into 10 equity shares of face value of Rs 1. Similarly, mid-size IT company Persistent Systems Ltd will see record date for its Rs 20 interim dividend maturing on January 29. Ex-date for Rs 20 dividend was on January 27.  

The ex-dividend date or "ex-date" is the day the stock starts trading without the value of its next dividend payment, as per Investopedia. On this date, the stock starts trading ex-benefit i.e without the benefit of corporate action.

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On November 29, 2021, Superior Finlease Ltd approved stock split (sub-division of equity shares) of Company's one (1) equity share of face value of Rs.10/- each into Ten (10) equity shares of face value of Rs. 1/- each. "It is subject to the approval of shareholders and other approvals as may be required and post approval of the shareholders for the stock split," the company has said in a BSE filing. Later, the company fixed the record date as January 28 for the same.  

Recrd date is the date when the company finalises eligible shareholder in the records of the company if they hold the shares on the given date.
Superior Finlease Limited was originally incorporated on October 6, 1994, as Superior Finlease Private Limited. Subsequently, in the same year on October 2 , it was converted into a public limited company and the name was changed to Superior Finlease Limited.  In year 2014, the company got listed on Metropolitan Stock Exchange of India Limited (MSEI) and later on April 13th, 2016 got listed on the BSE. It provides a digital ecosystem for financial services.

On January 20, 2022,  Persistent Systems said that the company's Board of directors has approved payment of Interim Dividend of Rs 20 per equity share of Rs10 each for the Financial Year 2021-22.

It also informed that the dividend approved by the Board of Directors will be paid to the beneficiary shareholders by Tuesday, February 15, 2022.

Established in 1990, the mid-cap IT products and services company caters to BFSI, health care and life sciences, Industrial, Software and Hi-tech and telecom and media.