Rs 110/Share Dividend: Large Cap Finance Co Fixes Record Date For 1100% Dividend

Large cap company operating in finance sector, Bajaj Holdings & Investment Ltd on Friday considered and declared an interim dividend of Rs 110 per equity share of the face value of Rs 10 for the financial year ending March 31, 2024. The company fixed September 29, 2023 as the record date for dividend. Bajaj Holdings shares witnessed marginal gain of 0.10% on BSE intraday. Check details below:

Bajaj Holdings Approves Dividend, Sets Record Date: According to the BSE filing of the company, "This is to inform you that the Board of Directors of the Company at its meeting held today, i.e., Friday, 15 September 2023, considered and declared an Interim Dividend of Rs. 110 (1100%) per equity share of face value of Rs. 10, for the financial year ending 31 March 2024. Further, pursuant to Regulation 42 of the SEBI Listing Regulations, the record date for the purpose of determining the members eligible to receive the Interim Dividend has been fixed as Friday, 29 September 2023."

The aforesaid Interim Dividend shall be credited / dispatched on or around Friday, 13 October 2023.

Bajaj Holdings Stock Performance & Return: Last trading price of Bajaj Holdings share is Rs 7126.05 per share with intraday gain of 0.10%. Its 52-week high price is Rs 7638.00 per share and 52-week low price is Rs 5557.05 per share, respectively. The large cap company has a market capitalisation of Rs 79,308.31 crore.

Bajaj Holdings shares rallied 18% in last 6-months, soared 27% YTD, gained 0.88% in last 1-year, and offered a return of 185% in last 3-years. In last 10-years, Bajaj Holdings shares surged 789%.

Bajaj Holdings Financials: The company announced a 46% surge in its net profit for the quarter ended June 30, 2023 to Rs 1415.5 crore as against Rs 969.33 crore announced in the same quarter an year ago. The company in its exchange filing stated, "Its revenue from operations was up 13.9% to Rs 104.7 crore from Rs 91.33 crore last year. Sequentially, the revenue from operations jumped 20% from Rs 86.69 crore in the March quarter."

Bajaj Holdings About: Bajaj Holdings & Investment Ltd (BHIL) (formerly known as Bajaj Auto Ltd) is an India-based company. The company is acting as a primary investment company and focusing on new business opportunities. BHIL holds strategic stakes of 33.43% in Bajaj Auto Ltd. (BAL) 39.29% in Bajaj Finserv Ltd. (BFS) and 51% in Maharashtra Scooters Ltd. (MSL). BHIL is essentially an investment company. Its focus is on earning income through dividends interest and profits on investments held. It is largely dependent on the equity and debt markets for its income, according to its official website.

Disclaimer

The stock just highlights the dividend 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 ay losses. Please consult a professional advisor.