Corporate Actions This Week: Infosys, JSW Energy, IEX to go ex-dividend; Davangere Sugar ex-split

(Re 1/share), and (Rs 0.5/share) will trade ex-dividend on Thursday, May 30.

On Friday, May 31, Caplin Point Laboratories (Rs 2.5/share), GlaxoSmithKline Pharmaceuticals (Rs 32/share), Havells India (Rs 6/share), Indian Energy Exchange (Rs 1.5/share), Infosys (Rs 28/share), JSW Energy (Rs 2/share), LKP Securities (Rs 0.15/share), Muthoot Finance (Rs 24/share), Sundaram Finance Holdings (Rs 2.05/share), Advani Hotels & Resorts (India) (Rs 0.8/share), and Alicon Castalloy (Rs 3/share) will trade ex-dividend.

The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All shareholders whose names appear on the company's list by the end of the record date will be eligible to receive dividends.

Also Read: Balaxi Pharmaceuticals Ltd will undergo a from Rs 10 to Rs 2 on Thursday, and Davangere Sugar Company will split from Rs 10 to Rs 1 on Friday.

A is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors holding the stock until the record date will receive the new shares in their demat accounts, and the stock price will be adjusted according to the split ratio.

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