Dividend, stock split: Nestle India, Allcargo Logistics, Akshar Spintex, Pearl Global Industries to trade ex-date this week

Dividend stocks next week, stock split shares, bonus stocks: As we enter the last trading day of 2023, we bring you a list of stocks that are set to trade ex-date on the first week of January. A total of four stocks—Allcargo Logistics, Akshar Spintex, Nestle India, and Pearl Global Industries—will trade ex-date next week, according to the NSE website.

Ex-date: January 2, 2024

Allcargo Logistics bonus record date 2023

The logistics company set January 2, 2024, as the record date for the issue of bonus shares in the ratio of 3:1. The 3:1 bonus issue means that existing shareholders will get three bonus or free shares for every single share they hold. The record date is the last date for determining the existing shareholders who will be eligible for the corporate action announced earlier.

Ex-date: January 4, 2024

Akshar Spintex dividend

Akshar Spintex announced an interim dividend of Re 0.01 per equity share with a face value of Re 1. The record date for payment of the interim dividend has been fixed as January 4, 2023. The said interim dividend will be paid within 30 days from the date of declaration.

Ex-date: January 5, 2024

Nestle India stock split date

Nestle India fixed Friday, January 5, 2024, as the record date for determining the entitlement of equity shareholders for the purpose of sub-division.

The FMCG major announced a split of existing equity shares of the company, such that one equity share having a face value of Rs 10 each, fully paid-up, will be subdivided into 10 equity shares having a face value of Re 1 each.

Pearl Global Industries stock split

Pearl Global Industries will split the face value of its shares from Rs 10 to Rs 5. The share will turn ex-split on January 5, 2024, which is also the set record date.

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