This Large-Cap Auto-Components Company To Pay Out 1100% Final & 1000% Special Dividends

The auto component sector in India is gearing up to join the electric vehicle (EV) revolution. According to a recent study by the Automotive Component Manufacturers Association of India (ACMA), 60% of the association's 800 members are ready to provide electric vehicles (EV), with the balance saying they will be ready later this year or by 2023 at the earliest. For auto components companies, EVs will be a key growth driver in future.

Bosch India is a major large-cap auto components company with a market cap of Rs 39,314 crore. The company expects its mobility business in the nation, which accounts for 85% of its revenue, to increase this fiscal year. The company is also focusing on EVs for growth.

Bosch Ltd Declared 1100% finale & 1000% special dividend

The company announced to pay a final and special dividend on 19th May 2022. The company said, "The Board of Directors has recommended a final dividend of Rs110/- per equity share of Rs. 10 each. In addition to the final dividend, the Board has recommended a special dividend of Rs. 100/- per share of Rs. 10/- each to commemorate 100 years of Bosch in India in 2022. The total dividend payout for the financial year 2021-22 is Rs. 210/- per equity share (previous year Rs.115/- per equity share), subject to approval of shareholders."

Ex-Dividend Date - The ex-dividend date of the announced final and special dividend is declared on 14 July 2022.

Bosch Ltd Stock Overview & Performance

On Friday, the closed at Rs 13,329.29 per share on NSE. The recorded 52-week low of the stock is 12,932.45 per share touched on 12 May 2022, and the 52-week high is Rs 19,250 per share, recorded on 10 November 2021. The PE ratio is 32.27, while the sector PE ratio is 28.89. ROE is 11.40%. In the last 1 year, the stock has fallen nearly 45.52%.

 

Bosch Ltd Dividend History

The company has a strong dividend track record, having declared dividends continuously for the past five years. Since 2001, the company has declared 27 dividends, including these two. Out of 27 dividends, 3 are Interim dividends, 22 are final and 2 special dividends, including these two dividends. The company, earlier this March ending declared an equity dividend of 2100.00% i.e Rs 210 per share. Considering the current market price (CMP) of Rs 13329.75, the dividend yield is coming to 1.58%.

Company Overview- Bosch Ltd.

Bosch is a leading supplier of technology and services in the fields of Industrial Technology, Mobility Solutions, Consumer Goods and Energy and Building Technology. Bosch Ltd is a company that makes automotive components. Furthermore, Bosch maintains the largest development facility for end-to-end engineering and technology solutions outside of Germany in India. In India, the Bosch Group is represented by twelve companies: Bosch Limited is the Bosch Group's flagship firm in India. Bosch began manufacturing in 1951 and has since expanded to include 18 manufacturing facilities as well as seven development and application centres.