Key Stocks to Trade Ex-Date on January 3: Bonus issues, dividends, and splits in focus
Several stocks, including Redtape, Inertia Steel, KPI Green Energy, Ceenik Exports (India), and Garware Technical Fibres, will trade ex-date tomorrow, January 3, 2025. These stocks are in the spotlight due to significant corporate actions such as dividend announcements, bonus issues, and stock splits.
(Image: Pixabay, Unsplash)
Redtape: Dividend announcement
Redtape will trade ex-date for its interim dividend of Rs 2 per share (100 per cent) on a face value of Rs 2 each. The company has set January 3 as the record date to determine shareholder eligibility for this FY25 reward.
KPI Green Energy: 1:2 bonus issue
KPI Green Energy has announced a bonus issue in a 1:2 ratio, offering one equity share of Rs 5 face value for every two existing shares. January 3 is the record date for this issuance, aimed at rewarding long-term investors.
Ceenik Exports (India): 1:5 bonus issue
Ceenik Exports (India) plans to issue one bonus share for every five existing shares held by investors. The record date for this bonus issue has also been set for January 3, enhancing shareholder value.
Garware Technical Fibres: 4:1 bonus issue
Garware Technical Fibres stands out with its substantial bonus issue, offering four bonus shares for every existing share. Shareholders recorded by the end of January 3 will qualify for this benefit.
Inertia Steel: Stock split
Inertia Steel will execute a subdivision of its equity shares, converting 1,19,78,800 shares of Rs 10 face value into 11,97,88,000 shares of Re 1 each. The record date for this stock split is January 3, aimed at enhancing liquidity and affordability for investors.
Why the ex-date matters?
The ex-date is critical for investors as it marks the first trading day when the stock no longer includes entitlement to dividends, bonuses, or other benefits. Investors must hold shares before the ex-date to qualify for these corporate actions, determined by the record date.