Shree Cement, Torrent Power, VR Logistics, Alkem Labs, BPCL go ex-dividend; Kretto Syscon stock split ex-date today too

Shares of Shree Cement, Torrent Power, VR Logistics, Alkem Laboratories and Bharat Petroleum Corporation Limited (BPCL) will start trading ex-dividend starting Thursday, February 10.

These companies have fixed record dates as February 11 and February 12 to finalize the names of shareholders. Source: Pixabay

Shares of Shree Cement, Torrent Power, VR Logistics, Alkem Laboratories and Bharat Petroleum Corporation Limited (BPCL) will start trading ex-dividend starting Thursday, February 10. Kretto Syscon Ltd will also start quoting on an ex-split basis from Thursday. These companies have fixed record dates as February 11 and February 12 to finalize the names of shareholders.

Ex-dividend date is the day when shares start trading ex-dividend. It means one who buys shares of a particular company on or after the ex-dividend date will not be entitled to the dividend announced by the company, however, one who holds the shares of the given company before the ex-dividend date is entitled for the dividend.
Record date is the day when a company decides which shareholders are eligible for the dividend payout announced by the company. Ex-dividend date is usually one business day before the record date and is set by stock exchange rules.

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Shree Cement : Shree Cement, shares of which closed nearly 3 per cent higher or gained Rs 725 to settle at Rs 25509.30 per share on the BSE on Wednesday, has fixed an interim dividend of Rs 45 per equity share to eligible shareholders. The Board of Directors of the company has a fixed record to ascertain the names of shareholders as of February 12.

Alkem Laboratories: The Board of Directors of this Pharmaceutical company has fixed an interim dividend of RS 30 per equity share to the deserving shareholders. Shares of Alkem Laboratories also closed Rs 24.95 higher to Rs 3519.30 on the BSE on Wednesday, before going ex-dividend from Thursday. The record date to ascertain eligible shareholders to receive this dividend has been finalised as February 12.

Torrent Power: The company has announced an interim dividend of Rs 9 per share and fixed record date as February 11 to finalize the shareholders name in the company's book. Shares of Electric Utilities too ended in the green with minor gains to Rs 512.40 a share on the BSE.

VR Logistics: Shares of this transportation and logistics company ended 4 per cent lower to Rs 509.75 per share on the BSE before trading with dividend value from Thursday. VR Logistics Board of Directors have declared an interim dividend of Rs 8 per equity share. The record date is February 11.
BPCL: The oil marketing and distribution company has announced an interim dividend of RS per share, ex-date of which is February 10 and the record date is February 11. On Wednesday, shares of BPCL closed at Rs 376.20, marginally down by 0.36% ahead of turning ex-dividend from Thursday.

Kretto Syscon Stock Split: The board of the company approved issue of bonus shares in the proportion of 1 equity share of Rs. 10/- each for every 10 existing shares of Rs 10/- each held by the shareholders of the company as on the record date, which is February 11. The board also approved proposal to sub-divide or split the shares of the company from the face value of Rs. 10/- each to Rs. 1/- each (after sub-division of shares). This is the second split since 2016, when the company announced split in 2:5 on March 2016. Shares of Kretto Syscon closed n 5 per cent upper circuit to Rs 9.14 per share on the BSE on Wednesday.

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