This auto stock’s record date for ₹140 dividend this week.

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Bajaj Auto said in its financial announcement for the fourth quarter that concluded on March 31, 2022, that the board had also recommended a dividend of 140 rupees per share of 10 rupees (1,400%), subject to shareholder approval.

The car stock will become ex-dividend on Thursday, one day before its record date, which is set at July 1, 2022, for determining whether stockholders are eligible for dividend payment.

The car stock will become ex-dividend on Thursday, one day before its record date, which is set at July 1, 2022, for determining whether stockholders are eligible for dividend payment.

The Board of Directors has approved/recommended a dividend on equity shares for the fiscal year that ended on March 31, 2022, at a rate of Rs. 140 per share (1400 percent) of face value of Rs. 10 each. If the shareholders at the following annual general meeting decide to declare a dividend.

it will be credited or distributed on or about July 30, 2022, according to information Bajaj Auto provided in an exchange filing in April. Bajaj Auto claimed that its Board of Directors also recommended a dividend of 140 per share of 10 apiece (1,400 percent) subject to the shareholders’ approval when it reported its fourth quarter results ending March 31, 2022.

The record date for the dividend, which is slated for July 1, 2022, will be reversed for the automobile share on Thursday, one day before to that date. “For the fiscal year that concluded on March 31, 2022, the Board of Directors has approved or recommended a dividend at a price of Rs. 140 per share (1400 percent) of nominal value of Rs. 10 on shares.

“Bajaj Auto had told in an exchange that the dividend, if the shareholders announce at the next Annual General Meeting, will be credited / broadcast around July 30, 2022.

April registration The dividend, if decided upon, shall be paid to the shareholders whose names appear as beneficial owners of the shares as of Friday, July 1, 2022, the record date, in the register of the company’s members or in the custodian’s register.

it adds, “fixed for the purpose.” The self-manufactured motorcycle and tricycle board of directors will also meet on Monday, June 27, 2022, to continue discussing the proposal to buyback fully paid-up shares of the firm.

After notifying stock markets on June 9 that its board will consider a proposal to repurchase fully paid-up shares at a meeting held on Tuesday, June 14, the board of the car major had earlier this month postponed a decision on its proposed share repurchase.

India’s top producer of motorcycles and tricycles is Bajaj Auto. While the market share of cars has decreased by roughly 8% over the past year, Bajaj Auto shares have climbed by over 18% in 2022 (YTD).

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