2 Big Companies Offering Rs 110/Share Dividend Each To Go Ex-Dividend In 6 Days

Shares of two leading companies namely Bajaj Holdings & Investment and Maharashtra Scooters are set to trade ex-dividend on September 29, 2023. Bajaj Holdings on September 15, 2023 considered and declared an interim dividend of Rs 110 per equity share of the face value of Rs 10 for the FY ending March 31, 2024. It fixed September 29, 2023 as the record date for dividend. Meanwhile, Mid cap company Maharashtra Scooters fixed September 29 as record date for interim dividend of Rs 110 (1100%) per equity share of the face value of Rs 10 for the FY March 31st 2024. Check details below:

1. Bajaj Holdings Dividend & Record Date: As per the BSE filing of Bajaj Holdings, "This is to inform you that the Board of Directors of the Company at its meeting held today, i.e., Friday, 15 September 2023, considered and declared an Interim Dividend of Rs. 110 (1100%) per equity share of face value of Rs. 10, for the financial year ending 31 March 2024. Further, pursuant to Regulation 42 of the SEBI Listing Regulations, the record date for the purpose of determining the members eligible to receive the Interim Dividend has been fixed as Friday, 29 September 2023." The Interim Dividend will be credited / dispatched on or around Friday, 13 October 2023.

Bajaj Holdings Stock Performance & Return: Last trading price of Bajaj Holdings share is Rs 7334.15 per share with intraday fall of 0.17%. Its 52-week high price is Rs 7638.00 per share and 52-week low price is Rs 5557.05 per share, respectively. It has a market cap of Rs 81,624.33 crore. Bajaj Holdings shares offered return of 31% YTD, soared 6% in last 1-year, and gained 204% in last 3-years. In last 10-years, Bajaj Holdings stock offered return of 822%.

Bajaj Holdings Financials: It declared a 46% growth in its net profit for the quarter ended June 30, 2023 at Rs 1415.5 crore as compared to Rs 969.33 crore declared in the same quarter an year ago. It stated in its exchange filing, "Its revenue from operations was up 13.9% to Rs 104.7 crore from Rs 91.33 crore last year. Sequentially, the revenue from operations jumped 20% from Rs 86.69 crore in the March quarter."

2. Maharashtra Scooters Declares Record Date For Interim Dividend: As per the exchange filing of the company dated September 15, 2023, "This is to inform you that the Board of Directors of the Company at its meeting held today, i.e., Friday, 15 September 2023, considered and declared an Interim Dividend of Rs. 110 (1100%) per equity share of face value of Rs. 10, for the financial year ending 31 March 2024." Further, pursuant to Regulation 42 of the SEBI Listing Regulations, the record date for the purpose of determining the members eligible to receive the Interim Dividend has been fixed as Friday, 29 September 2023. The aforesaid Interim Dividend shall be credited / dispatched on or around Friday, 13 October 2023.

Maharashtra Scooters Stock Outlook & Return: Last trading price of Maharashtra Scooters stock is Rs 7539.90 per share with intraday gain of 0.16%. Its 52-week high price is Rs 7826.90 per share and 52-week low price is Rs 4051.10 per share, respectively. Maharashtra Scooters has a market capitalisation of Rs 8617.03 crores. Maharashtra Scooters stock offered return of 80% in last 6-months, gained 46% in last 1-year, and offered return of 160% in last 3-years.

Maharashtra Scooters Financials: Maharashtra Scooters for the quarter ended June 2023 declared a growth of 72.46% in its net sales at Rs 5.26 crore as compared to Rs 3.05 crore announced in the same quarter of last year. Its quarterly net profit declared at Rs 0.48 crore in June 2023, down 66.43% as against Rs 1.43 crore announced in corresponding quarter of June 2022. The EBITDA declared at Rs 1.21 crore in June 2023, down 53.28% as against Rs Rs 2.59 crore in June 2022.

Disclaimer

The stocks just highlight the dividend and are not recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.