Dividend of Rs 28 will be available on one share
Dividend Stock: Companies are giving dividends to their shareholders amidst the ongoing huge ups and downs in the Indian stock market. This process of giving dividend will last long, as companies will again announce dividend for their investors with the release of the results of the fourth quarter of the last financial year. In this connection, Automobile sector -related technology company Shephaller India (Schaeffler India) is also going to give dividend to its shareholders. The company announced dividend for its investors in February.
Dividend of Rs 28 will be available on one share
In the exchange filing of February 27, Shephal India had stated that the company’s board had recommended a dividend of Rs 28 on each stock with a face value of Rs 2. This dividend will be given for the third quarter of FY 2024-25. However, the permission of shareholders is yet to be received in the AGM to be held on April 30. Shefler India had recently announced a record date for this dividend. The company reported in an exchange filing on March 11 that they have fixed a record date on 23 April to pay this dividend.
When will dividend money will come to the account
After the approval of the shareholders in the AGM to be held on April 30, the dividend money will be transferred to the bank account of investors by May 30. Let us tell you that today at 10.33 am on April 8, the company’s shares were trading at the level of Rs 2988.55 with a decline of 0.17% (Rs 5.00) on BSE. Today, during the business, the company’s shares had reached Intrade High of Rs 3237.95 to Intrade Low of Rs 2988.55. Till the time the news was written, today’s opening price of Shafler India shares was its intraday high.
According to BSE data, the shares of Shephal India shares are Rs 4950.00 and 52 weeks are Rs 2836.55. The company’s current market cap is Rs 46,712.13 crore. If we look at the figures, the shares of this company have given negative returns continuously for the last 2 years.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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