Mid Cap Auto Ancillaries Stock Will Turn Ex-Dividend Next Week For 320% Dividend

Mid cap stock from auto ancillaries sector, Amara Raja Batteries Ltd is all set to trade ex-dividend on July 28, 2023 for 350% dividend. Amara Raja shares delivered 29% return in last 1-year and declined 12% in last 2-years. Last trading price of Amara Raja stock is Rs 624.30 per share with intraday rally of 2.02% on BSE as of July 22, 2023. Check details below:

Amara Raja Will Trade Ex-Dividend On July 28: The company earlier this year on May 23, 2023 recommended final dividend of Rs. 3.20/- per Equity Share (representing 320%) of Re 1/- each fully paid up for the financial year 2022-23. The company on the same day fixed July 28, 2023 as the record date for dividend.

Amara Raja Dividend History: Amara Raja declared 30 dividends since July 6, 2001. It has an attractive dividend history. In the previous 12 months, the company eclared an equity dividend amounting to Rs 3.40 per share. If the current share price of Rs 624.39, this results in a dividend yield of 0.54%, according to Trendlyne.

Amara Raja Stock Performance & Return: Last trading price of Amara Raja share is Rs 624.30 per share. Its 52-week high price is Rs 708.45 per share and 52-week low price is Rs 461.65 per share, respectively. It has a market capitalisation of Rs 10,663.82 crore. Amara Raja shares declined 10% in last 2-weeks, gave 9% return in last 6-months, and fell 18% in last 5-years.

Amara Raja Financial Outlook: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 2454.00 crore, down 7.89% as against Rs 2664.28 crore. It announced its recent quarter net profit after tax at Rs 139.42 crore.

Amara Raja About: Amara Raja Batteries Limited (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry, according to its official website.

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