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Dividend, Stock Split: These companies including Canara Robeco will fill the pockets of investors,
highlights
- If you want to earn money in the stock market then this news is going to be useful for you.
- Today two different companies are going to give the benefits of dividend and stock split to their investors.
- The names of Canara Robeco Asset Management Company, Knowledge Marine and Engineering Works are included in this list.
Dividend, Stock Split: If you want to earn money in the stock market then this news is going to be useful for you. Today two different companies are going to give the benefits of dividend and stock split to their investors. The names of Canara Robeco Asset Management Company, Knowledge Marine and Engineering Works are included in this list. Let us know how much dividend you are going to get on each share.
The board of mutual fund house Canara Robeco AMC has set December 22 as the record date to ascertain the eligibility of shareholders for payment of interim dividend of Rs 1.5 on each share of face value of Rs 10. If you have shares of Canara Robeco AMC then you will get the benefit of dividend. Investors will get a profit of Rs 1.5 on every share.
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Knowledge Marine & Engineering Works Stock Split
Knowledge Marine and Engineering Works has announced a stock split. The company has reduced the face value from Rs 10 to Rs 5. Today is its record date. Today its shares are going to trade ex-date. If you have shares of these companies then you are going to benefit from stock split.
What is stock split?
Stock split means that the company divides one of its shares into smaller parts. This increases the number of shares you own, but reduces the price of each share. The total investment value remains the same, only the number of shares increases. For example, if you own 1 share and the company does a 1:2 split, you will now own 2 shares, but the value of each share will be halved. The benefit of stock split will be available only to those investors who hold shares till the record date fixed by the company. The record date is the date when the company sees who the shareholders are.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. It is important to mention here that investing in the market is subject to market risks. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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