Final Dividend of Rs. 33.50 For FY25 By BSE 200 Stock: Record Date Announced; Should You Invest Today?

Heavy engineering equipment and industrial goods are produced by the engineering and construction firm ABB India Limited. ABB is a world leader in automation and electrification technologies. In addition to the interim dividend of Rs 10.66 per share announced in Q2 CY2024, the Board proposes a final dividend of Rs 33.50 per share. Compared to CY2023, the total dividend rose by 51%. Let's find out if investors should purchase the stock today in order to qualify for the payout since the record date for the dividend purpose has been declared.

ABB India Dividend

The Board of Directors considered and approved "Recommendation of final dividend of Rs. 33.50 per share (Rupees Thirty-Three and Fifty Paise only), i.e., (1,675%) on 21,19,08,375 Equity Shares of face value of Rs.2/- each fully paid up for the financial year ended December 31, 2024, subject to shareholders' approval at the ensuing Annual General Meeting," said ABB India in a stock exchange filing.

"The Register of Members and Share Transfer Books of the Company will remain closed for the purpose of Annual General Meeting and payment of dividend from May 4, 2025 to May 10, 2025 (both days inclusive) that may be declared at the 75th Annual General Meeting of the Company. The dividend, if declared at the 75th Annual General Meeting, will be paid/dispatched after May 10, 2025, to those Shareholders or their mandates whose names appear as Members in the Company/s Register of Members as holders of Equity Shares as at the end of the business hours on May 3, 2025. For shares held in electronic form, the dividend will be paid to those names who appear as Beneficial Owners as at the end of the business hours on May 3, 2025 as per details to be furnished by National Securities Depository Ltd. and Central Depository Services (India) Ltd," ABB India further informed stock exchanges.

ABB India Financials

Results for the October-December quarter (Q4) and the entire year CY2024 have been released by ABB India Limited. For the quarter ending December 31, 2024, the company's net profit climbed 56% year over year (YoY) to Rs 528.4 crore from Rs 338.7 crore during the same period the previous year. Operating revenue increased by 22% to Rs 3,364.9 crore in Q3FY25 from Rs 2,757.5 crore in Q3FY24. In Q4, EBITDA increased from Rs 417.2 crore to Rs 657.3 crore, a YoY increase of 57.6%. The EBITDA margin increased from 15.1% to 19.5%.

ABB India Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "ABB is currently trading at ₹5,112 and has been under selling pressure since mid-October 2024. The stock has been forming lower highs and lower lows, indicating a sustained downtrend. It has declined about 43% from its all-time high, reflecting significant weakness. Additionally, ABB has breached the ₹5,500 support and is now trading below the 20-day, 50-day, and 200-day EMAs, reinforcing the bearish outlook."

"The RSI stands at 30.77 and continues to decline, signaling strong selling momentum. The ₹4,360-₹4,630 range is expected to act as a crucial support zone, given past buying interest at these levels. A rebound may occur if the stock stabilizes within this range, but a break below ₹4,360 could trigger further downside," the analyst further added.

Disclaimer

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