1:2 Bonus Issue, Interim Dividend: Mid Cap, Small Cap Stocks Fix Record Date

2 Companies have fixed record date for bonus issue and interim dividend. These two companies are Precision Wires India and Bayer Cropscience Ltd. Bayer Cropscience has revised the record date for interim dividend and the revised record date is November 18. Meanwhile, Precision Wires India has fixed record date for 1:2 bonus issue and it is December 22, 2022. Check key takeaways below:

1. Bayer Cropscience Ltd Sets Record Date For Interim Dividend

The board of directors of the company said in the BSE filing, "In furtherance of our letter dated November 09, 2022, intimating Record Date as Saturday, November 19, 2022, for the payment of Interim Dividend for the FY 2022-23, we would like to inform that depositories have declared November 19, 2022, as a holiday in the depository system due to system malware. Accordingly, the Benpos Data as on end of Friday, November 18, 2022, shall be considered for determining the equity shareholders who are entitled to receive the Interim Dividend."

2. Bayer CropSciene Stock Outlook & Return

The current market price of the stock is Rs 4546 with a market capitalisation of Rs 20,432 crore. The mid cap company operates in Pesticides/Agro Chemicals sector. The stock has given a return of 14% in last 5-years and 23% in last 3-years.

3. Precision Wires India Sets Record Date For 1:2 Bonus Issue

The small cap stock has fixed the record date for 1:2 bonus issue. The shareholders of the company will receive 1 bonus share for every 2 shares held.

The board of directors said, "Pursuant to Regulation 42 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Thursday, 22nd December, 2022 is fixed as the Record Date, for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid up equity shares of Rs. 1/- each for every 2 (Two) fully paid up existing equity share of Rs. 1/- each held, subject to the approval of Members which is being obtained by way of Postal Ballot through remote e-voting. The result of Postal Ballot will be declared on Wednesday, 14th December, 2022."

4. Precision Wires India Stock Outlook & Return

The current market price of the stock is Rs 104 apiece with 52-week high at Rs 131 apiece and 52-week low at Rs 54 apiece, respectively. The company has a market capitalisation of Rs 1211 crore. The stock has given 137% return in last 5-years and 240% in last 3-years. In last 1-year, it has jumped 76%.

Disclaimer

The stocks provide details of record dates for interim dividend and bonus issue. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.