On Thursday, April 18, 2024, Bajaj Auto Limited declared its fourth-quarter results. Along with this announcement, the company also declared a dividend of ₹80 per share.
Bajaj Auto’s Fourth Quarter Performance
According to the information provided, the company witnessed an 18% increase in net profit during the quarter from January to March, reaching ₹2011.43 crore. In the same quarter last year, the company’s net profit stood at ₹1705 crore. Based on these results, the company has announced a robust dividend for investors. Additionally, the company has also announced the record date for dividend distribution.
Investors to Receive Dividend at a High Rate of 800%
Bajaj Auto has announced a substantial dividend after posting significant profits in the March quarter. Specifically, the company has announced a dividend of ₹80 per share for investors. The board has decided on this dividend despite a ₹10 share, resulting in investors receiving a dividend at a high rate of 800%.
Announcement of Record Date
Bajaj Auto has disclosed the record date as June 14, 2024, according to information released in filings. This means that investors who hold the company’s shares until June 14 will be eligible to receive the dividend.
Previous Dividend Announcement:
It’s noteworthy that on April 25, 2023, Bajaj Auto had announced a dividend of ₹140 per share. This consistent pattern indicates that the company has been announcing dividends consecutively for the past five years.