Bajaj Auto declares dividend of Rs 140 per share

26 Apr 2023 , 01:34 PM

Bajaj Auto, the two-wheeler maker has declared the dividend of Rs 140 per share at the face value of Rs 10 per share for the financial year ended on March 31, 2023. 

As per the regulatory filing, the record date for the dividend declared is June 30, 2023 and will be credited in shareholders account around July 28, 2023.

Bajaj Auto said in its regulatory filing, “In line with the Company’s Dividend Distribution Policy, the Board of Directors has approved/recommended a dividend at the rate Rs.140 per share (1400%) of face value of Rs. 1 0 each on equity shares for the financial year ended 31 March 2023. The said dividend, if declared by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on or around 28 July 2023.”

At the current share price this results in a dividend yield of 3.22%.