Rs 18/Share Dividend: Mid Cap Auto Stock Issues Record Date For 180% Dividend Payout

Board of directors of mid cap company operating in Auto sector, Escorts Kubota Ltd today fixed record date for Rs 18/share dividend payment. Current market price of Escorts Kubota share on BSE is Rs 4291.55 per share with intraday gain of 1.00% as on June 14, 2024.

Escorts Kubota shares offered attractive returns of 665% in last 5-years and soared 96.50% in last 1-year. Escorts Kubota has a market capitalisation of Rs 47,420.88 crore. Check key details below:

Escorts Kubota Issues Record Date For 180% Dividend Payout: As per the BSE filing issued on Monday, "we wish to inform you that the Register of Members and Share Transfer Books of the Company shall remain closed from July 6, 2024, to July 18, 2024 (both days inclusive) for the purpose of determining the names of eligible shareholders for payment of Final Dividend @ 180% per share of Face Value of Rs. 10/- each (i.e. Rs. 18 per share) subject to deduction of tax at source." Dividend, if declared at the AGM, will be paid, within 30 days from the declaration to the following members:
a) whose names appear as beneficial owners as at the end of the business hours on July 5, 2024 in the list of beneficial owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited in respect of the shares held in electronic mode; and
b) whose names appear as Members in the Register of Members of the Company on July 5, 2024."

Escorts Kubota Dividend: As per the BSE filing of the company issued as on May 4, 2024, "The Board has recommended dividend of 375% (Rs. 3.75 per share) which includes special dividend of 125% (Rs. 1.25 per share) for the financial year ended 31st March, 2024, as compared to the dividend of 270% (Rs. 2.70 per share) paid for the financial year ended 31st March, 2023. Dividend, when declared, will be payable on or after Wednesday, 3rd July, 2024 to those Members whose names are registered in the Register of Members of the Company as on Friday, 21st June, 2024 and to the Beneficiary holders as per the beneficiary list as on Friday, 21st June, 2024 provided by National Securities Depository Limited and Central Depository Services (India) Limited."

Escorts Kubota Stock Performance & Return: The 52-week high price Escorts Kubota share on BSE is Rs 4310.00 per share (as on 14/06/2024) and 52-week low price is Rs 2117.00 per share (as on 23/06/2023), respectively. Escorts Kubota share gave return of 44% year-to-date, soared 178% in last 2-years, and zoomed 252% in last 3-years. In last 5-years, Escorts Kubota shares offered return of 665%.

Escorts Kubota About: Escorts Kubota Limited is one of India's leading engineering conglomerates operating in the high-growth sectors of agri-machinery, construction & material handling equipment, railway equipment and auto components. With over 1 million tractors in the fields in India, 16,000 construction and material handling equipment and 5 million auto-components manufactured till date, Escorts is leveraging its engineering expertise and positioning as a change agent in the agriculture, construction equipment and automotive sectors, as per its official LinkedIn page.

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