This week, several prominent companies are set to trade ex-dividend and ex-split, offering investors opportunities to benefit from corporate actions. Among the key shares are ITC Hotels and PowerGrid Corporation of India, which will see their stock prices adjust for dividends and splits.
ITC Hotels Ex-Dividend Details
ITC Hotels has announced a dividend of Rs 2.50 per equity share. The ex-dividend date is May 20, 2026, meaning investors who purchase shares on or after this date will not be eligible for the dividend. The record date is set for May 21, 2026, to determine the list of shareholders entitled to the payout.
PowerGrid Stock Split
PowerGrid Corporation of India is executing a stock split in the ratio of 1:5, subdividing one equity share of face value Rs 10 into five shares of face value Rs 2 each. The ex-date for the split is May 22, 2026. Post-split, the stock price will adjust proportionally, making shares more affordable for retail investors.
Other Companies in Focus
Several other companies are also trading ex-date this week for dividends and splits. Here is a list of key stocks and their corporate actions:
- Hindustan Unilever: Ex-dividend date May 19, 2026; dividend of Rs 18 per share.
- Reliance Industries: Ex-dividend date May 20, 2026; dividend of Rs 10 per share.
- Bajaj Finance: Ex-dividend date May 21, 2026; dividend of Rs 12 per share.
- State Bank of India: Ex-dividend date May 22, 2026; dividend of Rs 7.50 per share.
What Investors Should Know
When a stock trades ex-dividend, its price typically drops by the dividend amount on the ex-date. For stock splits, the price adjusts in proportion to the split ratio. Investors should note the record dates to ensure they are on the company's register for entitlements. It is advisable to consult with a financial advisor before making investment decisions based on these corporate actions.
This week's events reflect ongoing corporate strategies to reward shareholders and enhance liquidity. As always, market participants should stay informed about ex-dates and adjust their portfolios accordingly.
