Rs 280/Share Dividend: Auto Ancillaries Stock To Trade Ex-Dividend In 4-Days

Large cap company from the auto ancillaries sector, Bosch Ltd earlier this year on May 10 declared one of its highest dividends of Rs 280 per share. The company fixed July 14, 2023 as the record date. Last trading price of Bosch Ltd share is Rs 19220.60 per share with intraday fall of 2.63% on BSE. In last 6-months, Bosch stock delivered 10% return and offered 12% return YTD. Check details below:

Bosch Ltd Shares To Trade Ex-Dividend For Rs 280 Per Share: According to the BSE filing of Bosch Ltd, "Recommended a final dividend of Rs 280/- per equity share of Rs 10 each, subject to approval of shareholders. The total dividend payout for the financial year 2022·23 (including interim dividend Rs 200 paid in March 2023) is Rs 480/- per equity share (previous year Rs 210/- per equity share). The said final dividend, if declared, by the shareholders at the ensuing Annual General Meeting will be paid/dispatched on or after August 10, 2023."

Dividend Yield: If the current market price of Bosch Ltd share, Rs 19,220.60 is taken into consideration, it offers a dividend yield of 2.5%. Earlier this year on January 30, 2023, Bosch declared an interim dividend of Rs 200 and its record date was February 22, 2023.

Bosch Ltd Stock Performance & Return: Last trading price of Bosch is Rs 19,220.60 apiece. Its 52-week high price is Rs 19,980.00 per share and 52-week low price is Rs 15301.10 per share, respectively. Bosch has a market capitalisation of Rs 56,688.55 crore. In last 1-year, Bosch shares offered return of 19%, gave 25% return in last 2-years, and 44% return in last 3-years. In last 5-years, the return is 8%.

Bosch Ltd Financial Performance: The auto component major announced 14% growth in its consolidated net profit to Rs 399 crore for the fourth quarter ended March 2023. Bosch declared its net profit at Rs 350 crore for the January-March quarter of 2021-22. Revenue from operations of the company soared to Rs 4063 crore for the fourth quarter against Rs 3311 crore declared in the preceding period.

Bosch About: It is a leading global supplier of technology and services. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility, according to its official website.

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