Lets say I have 10 shares of ABC company and it’s distributing 17% bonus shares? How many bonus shares I get, mathematically I should get 1.7 shares. How does this work?
View on r/NepalStock by ShoddyStreet677
how is fractional bonus share distributed?
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5 responses to “how is fractional bonus share distributed?”
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Depends on the company. Some will round off and adjust their cash payable, eg BPCL. Most keep the fractions in their account until it becomes a whole number and pay it out. You will need to look at their AGM notifications to see what they intend to with fraction share.
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Your .7 will be rounded up to 1 share point and added to your demat. Same thing has happened to me twice before.
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I think u’ll get remaining dividend in form of cash according to the adjusted price. Coz similar case happened with me in SIP n they credited my bank account.
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I think you’ll get 1 share
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