Vedanta (VEDL), Tata Consumer Products (TATACONSUMER), QGO Finance (QGOF) Shares Trade Ex-Dividend Today – Key Insights for Investors

<ul>
    <li>Dividend stocks: Shares of Vedanta Limited, Tata Consumer Products Ltd, QGO Finance Ltd, Bharat Dynamics, and Som Distilleries & Breweries Ltd will be in focus when the stock market opens on May 24 (Friday).</li>
    <li>The boards of Directors of these companies have declared interim dividends, final dividends, and stock splits for their eligible shareholders.</li>
    <li>These companies have fixed May 24 as the record date to ascertain the eligibility of shareholders for their respective issues.</li>
</ul>
<p><strong>Stay updated with the latest dividend announcements and stock splits from top companies like Vedanta, Tata Consumer Products, and more. Learn how these changes might impact your investments.</strong></p>
<h2><strong>Dividend Announcements</strong></h2>
<p>Several prominent companies have declared dividends, which will be of interest to investors looking for steady income. Here's a detailed look at the announcements:</p>
<h3><strong>Vedanta</strong></h3>
<p>Vedanta has declared an interim dividend of ₹11.00 per equity share. In a stock exchange filing, Vedanta stated that the Board of Directors declared “First Interim Dividend of ₹11/- per equity share on the face value of ₹1/- per equity share for the Financial Year 2024-25 amounting to approximately ₹4,089 Crores."</p>
<h3><strong>Tata Consumer Products</strong></h3>
<p>Tata Consumer Products has declared a final dividend of ₹7.75 per equity share. The company announced in a stock exchange filing: “The Board had recommended a dividend of ₹7.75 per equity share of ₹1 each (775%) subject to approval by the shareholders of the Company at the 61st AGM."</p>
<h3><strong>QGO Finance</strong></h3>
<p>QGO Finance has declared an interim dividend of ₹0.15 per equity share. According to a stock exchange filing, the Board of Directors declared “Interim Dividend at Rs. 0.0015 (1.5 %) per Equity Share (Subject to Deduction of TDS) on the face value of the paid-up equity shares of Rupees 10/- each for the quarter Jan 24 to March 24." The filing added that May 24, 2024, shall be the ‘Record Date’ to ascertain the eligibility of shareholders for payment of Interim Dividend for the FY 2023-24.</p>
<h2><strong>Stock Splits</strong></h2>
<p>In addition to dividend announcements, some companies have declared stock splits, which can make their shares more affordable and increase liquidity. Here are the details:</p>
<h3><strong>Bharat Dynamics</strong></h3>
<p>Bharat Dynamics has declared a stock split from ₹10 per equity share to ₹5 each. The company stated in a stock exchange filing: “We wish to inform you that, the Company has fixed Friday 24 May 2024 as the Record Date for the purpose of determining the eligibility of shareholders for sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 2 (Two) Equity Shares of face value of Rs. 5/- (Rupees Five Only) each fully paid up."</p>
<h3><strong>Som Distilleries & Breweries</strong></h3>
<p>Som Distilleries & Breweries has declared a stock split from ₹5 per equity share to ₹2 each. The company mentioned in a stock exchange filing that the Board of Directors approved “the sub-division of each of the Equity Shares of the Company having a face value of Rs. 5/—each sub-divided into a face value of Rs. 2/—each."</p>
<h3><strong>Conclusion</strong></h3>
<p>Investors should keep an eye on these developments as they can significantly impact stock prices and investment strategies. The declared dividends and stock splits are indicative of the companies' financial health and their commitment to rewarding shareholders. As always, it's crucial to stay informed and consider these factors when making investment decisions.</p>