Record High Dividend In 2024: Multibagger Mid Cap Auto Stock To Go Ex-Dividend In 2 Days

Mid cap company from the auto ancillaries sector, TVS Holdings Ltd share gave return of 2.22% in last 1-week and soared 158% in last 1-year. The company announced record high dividend in 2024 at Rs 94/- per share for the financial year ending March 31, 2024. Last trading price of TVS Holdings shares on BSE is Rs 8159.50 per share with intraday gain of 0.64%. The company has a market capitalisation of Rs 16,508.37 crore. More details pertaining to TVS Holdings dividend and share performance below:

TVS Holdings To Go Ex-Dividend Soon: As per the regulatory filing of the company dated March 18, 2024, "The Board of Directors of the Company at its meeting held today, declared an interim dividend of Rs. 94/- per share (1,880%) on 2,02,32,104 equity shares of Rs.5/- each fully paid up, absorbing a sum of Rs. 190 Cr, for the financial year ending 31st March 2024."

TVS Holdings Sets Record Date For Dividend: The interim dividend declared will be paid to those shareholders, who hold shares in physical form and / or in electronic form and whose names appear in the Register of Members and / or Depositories respectively, as at the close of working hours on 2nd April 2024, being the Record Date fixed by the Company for this purpose. The dividend payment will made within a period of 30 days from the declaration of interim dividend, as provided in the Companies Act, 2013.

TVS Holdings Dividend History: TVS Holdings Ltd. has declared 46 dividends since Sept. 4, 2001. It has maintained an attractive dividend history and consistently declared dividends in last 5-years.

TVS Holdings Bonus Share History: TVS Holdings announced bonus shares once since October 9, 2009. Its last bonus issue was declared in the proportion of 1:1 with ex-bonus date fixed as October 9, 2009.

TVS Holdings Shares Performance: The 52-week high price of TVS Holdings share on BSE is Rs 9685.00 per share and 52-week low price is Rs 3063.64 per share, respectively. TVS Holdings shares offered stunning returns over the years along with multibagger returns and this year it also announced its highest ever dividend to shareholders. TVS Holdings shares declined 10% in last 1-month, gave return of 51% in last 6-months, soared 161% in last 2-years, and offered rally of 215% in last 3-years. In last 5-years, the TVS Mobility Group company's shares zoomed 233%. The scrip surged 1674% in last 10-years.

TVS Holdings Financials: The company on Jan 25, 2024 declared its Q3 FY 2024 results. Its net profit arrived at Rs 532.28 crore for the quarter ended December 31, 2023 as against Rs 288.86 crore in the corresponding quarter of last year. Its total income declared at Rs 10,020.95 crore year-on-year (YoY) as compared to Rs 8,458.93 crore. Meanwhile, total expenses zoomed to Rs 9,220.44 crore as against Rs 8032.70 crore YoY.

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