The stock market is gaining momentum in the new year. After a small drop, both the main indices, BSE Sensex and NSE Nifty, are reaching new record levels. Opportunities to make money are increasing.
This week is especially good for investors who want to earn from dividends, as shares of top IT companies are going ex-dividend in the next few days.
Special news for TCS investors
The biggest company in this news is TCS, the country’s largest IT company and the second largest in the market.
It did better than expected in the December quarter. After the good results, the board has suggested a dividend of Rs 9-9 per share to the investors.
Additionally, a special dividend of Rs 18 per share is also recommended. So, TCS investors will receive a total dividend of Rs 27 for each share. This share will go ex-dividend on January 19.
Dividends for these two shares too
Apart from TCS, shares of another big IT company, HCL Tech, will also go ex-dividend this week, on January 19.
Its investors will receive an interim dividend of Rs 12. Sukhjit Starch and Chemicals is another stock going ex-dividend this week.
This company has declared an interim dividend of Rs 8, and its share will go ex-dividend on January 15.
Extra shares through bonus issues
Besides dividends, there are also opportunities to earn through bonuses this week. MK Exim India Limited’s shares will go ex-bonus on January 17.
Shareholders will receive two bonus shares for every old share. SBC Exports Limited’s shares will go ex-bonus on January 19, and bonus shares will be given to its shareholders in the ratio of 1:2.
Opportunities in these stocks too
Starting January 15, Dhampur Sugar Mills Limited and Chambal Fertilizers and Chemicals Limited have announced share buybacks.
Additionally, there are important corporate events for Tata Coffee, Rajat Finance Limited, and Trishakti Industries this week.
