5 Bajaj Group Stocks That Declared Dividends Upto 1500%, Check Dividend Details

Five companies from the Bajaj Group have declared a dividend of upto 1500 per cent. All the companies have a good track record of paying dividends consistently in the last five years.

As per the recent announcement from each company, the dividend announced will be paid to those shareholders holding shares as of or before the closing hours on Friday, 30 June 2023, set as the record date. The details are given below.

1. Bajaj Holdings & Investment Ltd

Bajaj Holdings & Investment Ltd has declared a final dividend at the rate of Rs 13 per share (130 per cent) of the face value of Rs 10 each on equity shares of the company, for the financial year ended 31 March 2023. For the year ending March 2023, the company has declared a total dividend of Rs 123 per share (1230 per cent). As per the latest market price of the company stock of Rs 6892.90 this results in a dividend yield of 1.78 per cent.

The share price of the company has rallied by 35.24 per cent in the last one year while over three years it has surged massively by 258.63 per cent

2. Bajaj Auto Ltd

For the year ending March 2023, Bajaj Auto has declared an equity dividend of 1400.00 per cent amounts to Rs 140 per share. At the current share price of Rs 4528.85 this results in a dividend yield of 3.09 per cent.

In the last one year and over three years, the share price of Bajaj Auto has rallied by 26.17 per cent and 73.07 per cent, respectively.

3. Maharashtra Scooters Ltd

Maharashtra Scooters Ltd has announced to pay a final dividend of Rs 60 per share (600 per cent) of the face value of Rs 10 each, for the financial year ending 31 March 2023. At the current share price of Rs 5016.20 this results in a dividend yield of 1.19 per cent.

The share price of the company has rallied by 38.45 per cent in the last one year while over three years, it has surged massively by 152.34 per cent

4. Bajaj Finserv Ltd

The directors of Bajaj Finserv Limited have declared the final dividend at the rate of Rs 0.80 per share (80 per cent) of face value of Re 1 on equity shares for the financial year ended 31 March 2023. At the current share price of Rs 1422.75 this results in a dividend yield of 0.05 per cent.

In the last one year the share price of the company has increased by 6.82 per cent and over the three years it has soared by 204.78 per cent.

5.Bajaj Finance Limited

Bajaj Finance has declared a final equity dividend of 1500 per cent amounts to Rs 30 per share for a face value of Rs 2 each for the financial year ending 31 March 2023. As per the current market price of Rs 6643.50 of the company stock the dividend yield turns out to be 0.45 per cent.

The share price of Bajaj Finance Limited has rallied by 18.89 per cent in the last one year while over three years it has surged massively by 220.78 per cent.

Disclaimer

This article is for information purposes only and highlights stocks that declared a good on dividends. The article should be treated as informational and not an advisory to invest. Neither the author nor Greynium Information Technologies Pvt Ltd should be held responsible for decisions based on this article.