Bajaj Group dividend

Bajaj Holdings Announces ₹65 Interim Dividend: Record Date Set for September 25, 2024!

Big news for Bajaj Holdings investors! The Bajaj Group has once again made headlines by approving an impressive interim dividend of ₹65 per share, equivalent to 650% of the face value. With the record date set for September 25, 2024, shareholders are eager to cash in. But what does this mean for investors, and when can they expect their dividends? Let’s break it down!

Bajaj Holdings Declares ₹65 Interim Dividend for FY2025: What You Need to Know

Bajaj Holdings and Investment Ltd., a flagship company of the Bajaj Group, Bajaj Group dividend, has just approved an interim dividend of ₹65 per share for the financial year ending March 2025. This represents a massive 650% of the face value of the company’s shares, which currently stand at ₹10 each. The company has fixed September 25, 2024, as the record date for determining the eligibility of shareholders for this dividend.

Important Dates to Remember: Dividend Payment and Record Date

The record date—the crucial day that determines who will receive the dividend—has been set for September 25, 2024. This means that only shareholders who hold Bajaj Holdings shares by the close of business on that date will be eligible for the dividend payout.

And when will shareholders actually receive their dividend? The date of payment has been set for on or before October 10, 2024, so investors won’t have to wait long to enjoy their returns!

A History of Generous Dividends: Bajaj Holdings Keeps Rewarding Its Shareholders

This is not the first time Bajaj Holdings has rewarded its investors with generous dividends. Earlier in 2024, the company declared a final dividend of ₹21 per share for the previous financial year. Additionally, in September 2023, Bajaj Holdings surprised shareholders with a massive interim dividend of ₹110 per share. The consistent payout of high dividends highlights the company’s strong financial performance and commitment to rewarding its shareholders.

Maharashtra Scooters Joins the Dividend Bonanza

Another company under the Bajaj Group umbrella, Maharashtra Scooters, has also announced an interim dividend of ₹110 per share for the financial year 2025. Just like Bajaj Holdings, Maharashtra Scooters has fixed September 25, 2024, as the record date for its dividend payout. This means investors in both companies should mark their calendars and be prepared to benefit from these corporate actions.

What is a Record Date and Why Does It Matter?

For those unfamiliar, the record date is the day on which a company determines which of its shareholders are eligible to benefit from corporate actions such as dividends, bonuses, stock splits, or share buybacks. Essentially, if you own shares on the record date, you’re in line to receive the dividend.

In this case, Bajaj Holdings and Maharashtra Scooters have both set September 25, 2024 as their record date, making it an important day for their respective shareholders.

Market Reaction: Bajaj Holdings Stock Gains Amid Dividend Announcement

Following the announcement of the interim dividend, shares of Bajaj Holdings And Investment Ltd. saw a slight uptick, trading half-a-percent higher at ₹10,368 per share on the NSE. The stock also reached a record high of ₹10,372.6 during today’s trading session. Although Maharashtra Scooters experienced some profit-booking, the stock remains close to its daily high, reflecting investor confidence in both companies.

Conclusion:

Bajaj Holdings’ ₹65 per share interim dividend is a testament to the company’s strong financial performance and its dedication to rewarding its shareholders. With a record date set for September 25, 2024, and the payout scheduled for early October, investors have much to look forward to. Bajaj Group dividend, Coupled with Maharashtra Scooters’ hefty interim dividend, the Bajaj Group continues to make waves in the market, ensuring that its investors are well-compensated for their trust and loyalty.