Rs 26 DIVIDEND Share: Largecap stock goes ex-date for 1300% payout; check record date

rs 26 dividend share: largecap stock schaeffler india limited goes ex-date for 1300 percent payout; check record date

Schaeffler India Dividend Stock 2024: The stock of Schaeffler India Ltd will remain in focus today i.e. April 19 on account of its next corporate action. The manufacturing company has announced a whopping 1300 per cent dividend payment on each stock for the ongoing fiscal year. A dividend is a company’s reward to its investors for their investment in the business. It is paid in cash from earnings.

Schaeffler India Dividend 2024 Amount

A dividend is always calculated and paid on the face value of each stock. Accordingly, a 1300 per cent dividend translates into Rs 26 per equity share with a face value of Rs 2 each for the financial year 2023-24. “Recommended a Dividend of Rs. 26/- per Equity Share of face value of Rs. 2/- each,” the company said in an exchange filing.

Schaeffler India Dividend 2024 Ex-Date

The company has set April 19 as the ex-date for the interim dividend.

Schaeffler India Dividend 2024 Record Date/Book Closure Date

The record date for the final dividend of Schaeffler India Limited has not been announced yet. However, the company has fixed book closure start from April 20, 2024 to April 26, 2024, according to BSE.

Schaeffler India Dividend 2024 Payment Date

The Dividend for the year ended December 31, 2023, if approved by the shareholders at the ensuing AGM shall be paid within 30 days from the date of the AGM. “The Register of Members and Share Transfer Books of the Company shall remain closed from Saturday, April 20, 2024, to Friday, April 26, 2024, both days inclusive, for the purpose of 61st Annual General Meeting (‘AGM’) and identifying the list of members eligible for the payment of Dividend,” the company said in a regulatory filing.

Schaeffler India Share Price History

Schaeffler India Limited is a constituent of the S&P BSE 200. According to BSE analytics (as of April 19), shares of Schaeffler India Limited gained by 1.47 in the last 1 week and by 12.62 per cent in the last 1 month. However, in the past 2 weeks and 3 months, the shares have fallen by 1 per cent and 0.26 per cent, respectively. On a YTD basis, the company’s shares rose by 1.43 per cent. In the last 1 year, 3 years, 5 years and 10 years, the shares climbed by 10.98 per cent, 215.18 per cent, 197.35 per cent and 690.64 per cent, respectively.

Schaeffler India Dividend History

Last year, Schaeffler India Limited announced a dividend of Rs 24 with an ex-date on April 11. In 2022, the company declared a dividend of Rs 16 in April. In 2020 and 2021, the manufacturing company announced a dividend of Rs 35 and Rs 38 with an ex-date on June 19 and April 19, respectively. The company announced its first dividend of Rs 3.5 with an ex-date on February 20, 2001.

RISE with India – FOLLOW ET NOW WhatsApp channel!

https://whatsapp.com/channel/0029Va7OSzxA2pL8ezY1aw1K

ET NOW WhatsApp channel gives you all Stock Market Details, Money Making Ideas, IPO News, Mutual Funds SIP News, Income Tax and other news right on your mobile screen!