From Vedanta’s Dividend to RIL’s Bonus Shares: 6 Companies Unveil Significant Corporate Actions

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Have you ever wondered what it feels like to be a shareholder in a thriving company? Watching your investments grow, anticipating dividends, and excited about bonus shares is an exhilarating experience. Recently, six prominent Nifty50 companies have made headlines with their significant corporate actions, offering investors a glimpse into the future of these giants.

Let’s dive into the details of these corporate actions and understand what they mean for investors.

Stock	Ex-date	Event
Reliance Industries Ltd.	5th September 2024	Bonus Issue of 1:1
Vedanta	10th September 2024	3rd Interim Dividend of ₹20
Apollo Hospitals Enterprise Ltd.	16th August 2024	Dividend of ₹10
Coal India Ltd.	16th August 2024	Dividend of ₹5
Power Grid Corporation of India Ltd.	16th August 2024	Dividend of ₹2.75
Oil And Natural Gas Corporation Ltd.	23rd August 2024	Dividend of ₹2.50

Reliance Industries Ltd.

Reliance Industries, one of India’s largest conglomerates, has again delighted its shareholders with a bonus issue. The company has announced a 1:1 bonus, meaning for every share you hold, you’ll receive an additional share at no extra cost. This is the second bonus issue from Reliance in the past decade, showcasing its commitment to rewarding its investors. While bonus issues don’t directly increase the value of your investment, they can dilute the company’s shares, potentially affecting the share price in the short term. However, a bonus issue can signal a company’s confidence in its future growth prospects in the long run.

• Ex-date for the 1:1 bonus issue: September 5, 2024
• Current share price: As of September 3, 2024, the share price of Reliance Industries Ltd. is ₹3025.60.
• Past dividend shares: In the past 12 months, Reliance Industries Ltd. has declared an equity dividend amounting to ₹10.00 per share.
• Total dividends declared: 26 since 26 April 2001

Vedanta

Vedanta, the mining and metals conglomerate, has announced a third interim dividend of  ₹20 per share for FY2024-25. This comes from two previous interim dividends, totaling  ₹15 per share. With a total dividend payout of  ₹7,821 crore, Vedanta is demonstrating its commitment to returning value to its shareholders. Dividends are a great way to generate income from your investments, especially if you’re in a tax-efficient bracket. However, it’s important to note that dividends are not guaranteed and can be reduced or eliminated at any time.

• Ex-date for the third interim dividend of Rs 20 per share: September 10, 2024
• Current share price: As of September 3, 2024, Vedanta Ltd.’s share price is ₹465.00.
• Past dividend shares: In the past 12 months, Vedanta Ltd. has declared an equity dividend amounting to ₹26.00 per share.
• Total dividends declared: 44 since July 23, 2001

Apollo Hospitals Enterprise Ltd.

One of India’s leading healthcare providers, Apollo Hospitals, has a history of rewarding its shareholders with regular dividends. The company has declared 29 dividends since 2000, demonstrating its consistent profitability. While the dividend yield may not be as high as some other companies, Apollo Hospitals’ steady dividend payouts can provide a reliable source of income for investors seeking a defensive investment.

• Ex-date for the latest dividend: August 16, 2024.
• Current share price: As of September 3, 2024, Apollo Hospitals Enterprise Ltd.’s share price is ₹6889.55.
• Past dividend shares: In the past 12 months, Apollo Hospitals Enterprise Ltd. has declared an equity dividend amounting to ₹16.00 per share.
• Total dividends declared: 29 since August. 22, 2000

Coal India Ltd.

Coal India, the world’s largest producer, has announced a final dividend of  ₹5 per share for 2023-24. This brings the total dividend payout for the year to  ₹24.50 per share. Coal India’s dividends are often influenced by factors such as coal production, global prices, and government policies. Investors in Coal India can expect a steady stream of dividends, but it’s essential to be aware of the cyclical nature of the coal industry.

• Ex-date for the final dividend of Rs 5 per share: August 16, 2024
• Current share price: As of September 3, 2024, the share price of Coal India Ltd. is ₹519.80.
• Past dividend shares: In the past 12 months, Coal India Ltd. has declared equity dividends amounting to ₹24.50 per share.
• Total dividends declared: 27 since February 18, 2011

Power Grid Corporation of India Ltd.

Power Grid Corporation of India, a leading transmission company, has announced a dividend of ₹2.75. Earlier in 2023, it announced a bonus issue in a ratio of 1:3. This means for every three shares you hold, you’ll receive an additional share. The company has also declared regular dividends over the years, showcasing its strong financial performance. Investors in Power Grid Corporation can benefit from both capital appreciation through bonus issues and income generation through dividends.

• Ex-date for the 1:3 bonus issue: August 16, 2024
• Current share price: As of September 3, 2024, the share price of Power Grid Corporation of India Ltd. is ₹337.40.
• Past dividend shares: In the past 12 months, Power Grid Corporation of India Ltd. has declared an equity dividend amounting to ₹11.25 per share.
• Total dividends declared:  39 since March 10, 2008

Oil and Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC), India’s largest oil and gas exploration and production company, has a long history of rewarding its shareholders with dividends and bonuses. The company has declared 58 dividends thrice since 2000 and has issued bonus shares. ONGC’s dividends are influenced by factors such as crude oil prices, domestic demand for oil and gas, and government policies. Investors in ONGC can expect a steady stream of dividends, but it’s essential to be aware of the cyclical nature of the oil and gas industry.

• Ex-date for the latest dividend: August 23, 2024
• Current share price: As of September 3, 2024, Oil and Natural Gas Corporation Ltd.’s share price is ₹325.00.
• Past dividend shares: In the past 12 months, Oil and Natural Gas Corporation Ltd. has declared an equity dividend amounting to ₹12.25 per share.
• Total dividends declared:  58 since August. 29, 2000

Conclusion

These corporate actions demonstrate these companies’ commitment to rewarding their shareholders and creating long-term value. Whether you’re looking for income generation through dividends or capital appreciation through bonus issues, these companies offer a variety of investment opportunities. However, conducting thorough research and considering your investment goals before making investment decisions is essential.

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