Bajaj Holdings Declared Interim Dividend Of Rs 110, Fixes Record Date; Details Inside

Bajaj Holdings & Investment Ltd on Tuesday, September 13 in its board meeting approved an interim dividend of Rs 110 per equity share to the shareholders. The company reported a net profit of Rs 969.33 crore for the three months that ended in June 2022, up 24.5 per cent from Rs 778.56 crore in the same period the previous year.

1100% Interim Dividend

The decision to approve the Interim Dividend was taken at a board meeting earlier in the day, and the company informed the stock exchanges, BSE & NSE.

"This is to inform you that the board of directors of the company at its meeting held today, i.e., September 13, 2022, considered and declared an interim dividend of Rs 110 (1,100 percent) per equity share of face value of Rs 10, for the financial year ending March 31, 2023," the company in its regulatory filing said.

"The record date for the purpose of determining the members eligible to receive the interim dividend has been fixed as Friday, September 23, 2022," it added.
The company also added, "The aforesaid Interim Dividend shall be credited/dispatched on or around Monday, 10 October 2022."

Bajaj Holdings has declared 24 Dividends since June 2001. It also maintains a good track record of dividend payouts.

Stock Outlook

Tuesday, 13 September, the shares of Bajaj Holdings closed at Rs 6,620.70 at the NSE, 0.17 per cent lower from the previous close of Rs 6,631.75 apiece. The shares of the company hit the 52 week low on 13 September 2021 at Rs 4,251.35 apiece and the 52-week high on 09 September 2022 at Rs 6,829 apiece, respectively. 

Returns in the 5 years

The shares surged 13.76% in over a week and 24.57% in over a month, respectively. It gave a positive return of 54.64% in the past 1 month and 96.06% in the past 3 years, respectively. Over the past 5 years, the stock gave a multibagger return of 138.33%.