These 4 Bajaj stocks to turn ex-dividend this week. Do you own any?
Ahead of the market opening, Dalal Street investors will also keep a close eye on key corporate action events during the week. Four of Baja Group stocks will trade ex-dividend this week.
Bajaj Auto, Baja Finance, Bajaj Finserv and Bajaj Holdings will trade ex-dividend on 30 June, 2023.
The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company’s list by the end of the record date will be eligible to receive dividends.
Bajaj Auto:
The company has declared a final dividend of ₹140, which is 1400 per cent on the face value for the financial year ended March 2023. The company has fixed June 30 as the record date. It will trade ex-dividend on 30 June, 2023.
In the past 12 months, Bajaj Auto has declared an equity dividend amounting to ₹140 per share, resulting in a dividend yield of 3.03 per cent
On Friday, the scrip ended 0.17 per cent up to ₹4,620 on BSE.
Baja Finance:
The company has declared a final dividend of 1,500 per cent, ₹30 per share to its investors. The record date for the same is fixed as June 30. It will trade ex-dividend on 30 June, 2023.
In the past 12 months, Bajaj Finance has declared an equity dividend amounting to ₹30 per share, resulting in a dividend yield of 0.43 per cent
On Friday, the scrip ended 0.58 per cent down at ₹6,989 on BSE.
Bajaj Holdings and Investment Ltd:
The company has declared a final dividend of 130 per cent, which is ₹13. The company has set 30 June, 2023 as the record date. It will trade ex-dividend on 30 June, 2023.
In the past 12 months, Bajaj Holdings & Investment has declared an equity dividend of 1230 per cent amounting to ₹123 per share. At the current share price this results in a dividend yield of 1.8 per cent.
On Friday, the company’s scrip ended 1.12 per cent down at ₹6824.10 on BSE.
Bajaj Finserv:
Bajaj Finserv — will also trade ex-dividend on June 30 with respect to the ₹0.8 per share dividend announced. Bajaj Finserv, the parent company of Bajaj Finance, has set June 30 as the record date for the said dividend.
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Updated: 25 Jun 2023, 07:35 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.