GFH has been trading strong despite the stock going ex-dividend or ex-bonus
, indicating strong undercurrent amid increasing volumes.
While bonus shares can be seen to have a limited impact on market capitalization (as prices adjust lower, ex-bonus
) they are responsible for adding depth to market (rising volumes).
Cable logged a three-session peak at 1.3228, and the UK currency also rose against the Euro, Yen and other currencies after UK labour data revealed firmer than expected wage data, with average weekly earnings rising 2.7% y/y and by 3.1% y/y in the respective ex-bonus
and with-bonus figures in the three months to August.
In 2014-15, the government mandated that bonus shares be treated as dividend and a tax be applied at 5% of the ex-bonus
price of shares.
Stocks of Reliance Industries in ex-bonus
transaction, was quoting higher by 0.07 per cent at Rs 822.90 against the previous close of Rs 1,645.40 (cum-bonus).
Hence, BBK shares shall trade ex-dividend and ex-bonus
starting today, and the adjusted price after the distribution of bonus shares will be BD0.448.
In order to discourage tax avoidance in this area, it is proposed that bonus shares be treated as dividend and taxed deducted at the rate of 5% the ex-bonus
price of the shares.
Srinivasan (1993) found extremely large positive abnormal returns on ex-bonus
and ex-rights dates for the equity stocks.
On Thursday, the company's shares turned ex-bonus
as the government-owned oil major rewarded its shareholders with one bonus share for every share held.
An investor holding 100 units as of 25th January 2011 get 0.8466 units on the ex-bonus
price of Rs 50.79 per unit, the proportionate apply to actual holdings.
0.4328 per unit has been announced for unit holders of Pakistan Cash Management Fund who had opted for cash dividends, while for unit holders opting for bonus units, for each 100 units as of May 25, 2012 will get 0.8623 units on the ex-bonus
price of Rs.
The Board, in its meeting held on July 4, 2011 announced Cash Dividend of Rs.3 per Unit for the Unit holders having 'C' class of Units and 2.9979 Bonus Units for every 100 Units on ex-bonus
price of Rs.