
Nifty stock Asian Paints and four others will see corporate actions for their respective dividends and stock splits announced earlier by them. They include names like Asian Paints, Indian Bank, Johnson Controls-Hitachi, Tata Investment Corp, and Vesuvius India.
Here is a look at the stocks that will trade ex-dividend or ex-stock split tomorrow.
June 10 | Asian Paints (Final dividend of ₹20.55 per share), Indian Bank (Final dividend of ₹16.25 per share), Johnson Controls-Hitachi Air Conditioning India Ltd. (Final Dividend of ₹15 per share) and Tata Investment Corp (Final Dividend of ₹27 per share) have fixed their record dates for Tuesday, June 10.
When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.
Vesuvius India | In addition to the companies highlighted above, shares of Vesuvius India also have their record date on June 10. This is for the stock split that the company had announced earlier. The company will split one share of ₹10 each into 10 shares of ₹1 each.