Over 170 Stocks Set to Turn Ex-Dividend This Week

This week, over 170 companies are scheduled to turn ex-dividend or undergo stock splits, providing opportunities for investors. The time frame for these corporate actions is between September 21 and September 25. To qualify, shareholders must have shares in their dematerialised accounts by the respective record dates.

Notable Dividends on Monday
Leading the list is Maharashtra Scooters, set to pay a dividend of ₹160 per share, the highest announced for the week. Other significant payouts include Bajaj Holdings and Investments with ₹65, and Southern Gas offering ₹60 per share. Additionally, Dixon Technologies and Bharat Dynamics will distribute dividends of ₹10 and ₹0.40 per share, respectively.

Dividend and Split Activity on Tuesday
Over 50 companies will transition to ex-dividend on Tuesday. GOCL Corporation leads with a dividend of ₹30 per share, followed by BEML at ₹12.28 and National Peroxide at ₹7. The Indian Railway Catering and Tourism Corporation (IRCTC) will issue a ₹0.50 dividend.

Stock Splits on the Horizon
Alongside dividends, certain companies will also implement stock splits. TAAL Tech will undergo a 1:5 stock split, reducing the face value of existing shares. Naturite Agro Products and Midwest Energy will follow suit, executing 1:2 and 1:10 stock splits, respectively, both set for Friday, September 25.

Wednesday's Focus
On Wednesday, Gujarat Mineral Development Corporation (GMDC) is set to dominate the dividend payments with ₹9.50 per share. Tyche Industries follows with ₹3.50. Other firms, such as Goodluck India, will distribute ₹3 per share.

A Quiet Thursday
Thursday will see a more subdued activity with only two companies declaring record dates. Engineers India will provide a final dividend of ₹2.50 per share, while Adtech Systems has set its dividend at ₹1.10 per share.

Closing the Week with Friday's Changes
Friday marks the end of a busy week, with six stocks turning ex-date. Among these, Sri Lotus Developers and Realty will pay ₹0.50, while GHT Global Hospitality and Shreeji Global FMCG will declare dividends of ₹0.25 each. Noble Polymers will offer a final dividend of ₹0.05 per share.

In conclusion, with a flurry of dividends and stock splits, investors must keep track of record dates to ensure they benefit from these corporate actions throughout the week.