POSTED BY September 25, 2010 10:36 pm COMMENTS (4)ON
Last quarter(April 23rd 2010), Wipro announced two things:
1)Two bonus shares for every three shares owned.
2) Dividend of 6 Rs per share.
I had around 60 wipro shares. Based on the above, I got 6*60=360 Rs. dividend.
But I did not get any bonus shares. I was supposed to get (60/3)*2=40 shares.
Also, Wipro did a share split of 5:3 later on June 16th. So my 60 shares became (60)+(60/5)*3=96 shares.
But I dont know when I will get my bonus shares that was declared earlier.
I bought the shares before the announcement was done.
So will I be getting this still?
Are these two different which are given separately or is it that they implemented it on June 16th whatever they announced on April 23rd. If its same, then the ratios are different.
Please help me find answer for my question.