Bajaj Holdings sets record dividend payment date (Image source: iStockphoto)
Bajaj Holdings & Investment Ltd has announced the amount and record date of its upcoming dividend. The Board of Directors has fixed the record date of September 25.
Bajaj Holdings & Investment Ltd. Dividend 2024
The Board of Directors of Bajaj Holdings & Investment Ltd has decided on a dividend of Rs 65 per share and the dividend payment will be made on or around October 10, 2024.
According to the company’s filing on the stock exchange, “The Board of Directors declared an interim dividend of Rs. 65 (650%) per equity share having a face value of Rs. 10, for the financial year ending 31st March, 2025 at its meeting held today i.e. 12th September, 2024.”
Bajaj Holdings, a Pune-based company, operates as a holding company and investment company, generating income from dividends, interest and investment gains. The company holds stakes in two entities, Bajaj Auto Ltd. (39.03%) and Bajaj Finserv Ltd. (34.22%).
Bajaj Holdings, registered with the Reserve Bank of India, is classified as a “non-deposit-taking systemically important NBFC” under Indian financial regulations. Despite this year’s lower dividend, the company’s substantial investments and regulatory status affirm its strong position in the financial market.
Bajaj Holdings and Investment Ltd. reported a 46 per cent rise in its consolidated net profit for the April-June quarter of fiscal year 2023-24 (Q1FY24). The company posted a net profit of Rs 1,415.50 crore, up from Rs 969.33 crore in the same period last year.
The company’s operating income during the first quarter stood at Rs 104.04 crore, up 14% compared to Rs 91.33 crore in the same period last year.
On Friday, Bajaj Holdings & Investment shares closed at Rs 10,370.65, down 0.22 per cent from the previous day’s close. The stock’s 52-week high and low are Rs 11,185 and Rs 6,627.90 respectively.
(Disclaimer: The above article is for informational purposes only and should not be considered as investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before taking any money-related decisions.)
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