Rs 10/Share Dividend: Large Cap Stock Rallies 12.82% After Recommending Dividend

Large cap company from the engineering sector Siemens Ltd shares soared 12.82% after its Board Of Directors recommended Rs 10/- per equity share dividend of Rs 2/- each (500%) for the financial year ending September 30, 2023. The ex-dividend date of Siemens dividend is January 30, 2024. Siemens shares price was quoted at Rs 3645.65 per share on November 28, 2023 (the day the company recommended dividend) and today Siemens shares price on BSE is Rs 4113.10, indicating a surge of 12.82%. Siemens shares offered return of 19% in last 3-months and gained 34% in last 1-year. Check details below:

Siemens Announced Financials: Siemens on November 28 announced a surge of 49.8% year-on-year (YoY) in its net profit to Rs 571.6 crore for the 4th quarter ended September 30,2023. It is significant to note here that Siemens follows Oct-Sept financial year. It announced its net profit at Rs 381.7 crore in the similar quarter last year, as per its BSE filing. Its revenue from operations rose 24.7% to Rs 5807.7 crore as against Rs 4,657.1 crore in the same quarter of last fiscal. Siemens declared a dividend of Rs 10/- per equity of Rs 2/- each (500%) for the FY ending Sept 30, 2023. It announced its EBITDA, at operating level at Rs 700.2 crore, up 35.7% for the 2nd quarter of current fiscal as compared to Rs 515.9 crore in the corresponding quarter of last fiscal. The company's EBITDA margin announced at 12.1% for the quarter under consideration as against 11.1% in the corresponding period of last fiscal.

Siemens Recommended Dividend: According to the BSE filing of the company issued on November 28, "recommended a dividend of Rs. 10/- per Equity Share of Rs. 2/- each (500%) for the Financial Year ended 30th September, 2023. The dividend, as recommended by the Board of Directors, if declared at the ensuing Annual General Meeting (AGM) of the Company, would be paid from Friday, 16th February, 2024." Siemens shares will go ex-dividend on January 30, 2024.

Siemens Stock Performance & Return Over Years: The 52-week high price of Siemens shares on BSE is Rs 4244.55 apiece and 52-week low price is Rs 2892.70 apiece, respectively. The company has a market capitalisation of Rs 1,46,475.82 crore. Siemens shares soared 5.51% in last 1-month, jumped 13% in last 6-months, soared 34% in last 1-year, gained 72% in last 2-years, and offered return of 145% in last 3-years. In last 5-years, the scrip offered rally of 290%.

Siemens About: Siemens has been a strong partner to India - right from the setting up of the Indo-European telegraph line in 1867. Siemens offers integrated solutions for India's sustainable future - efficient manufacturing, integrated automation, intelligent infrastructure, complete mobility and sustainable energy, according to its official website.

Disclaimer:

The stock highlights the dividend, rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.