Four Bajaj Group companies are set to trade ex-dividend today (Tuesday) following their final dividend announcements with June 30 as the record date. According to CNBC TV18, Bajaj Finance, Bajaj Finserv, Maharashtra Scooters, and Bajaj Holdings & Investment will all trade adjusted for their respective dividend payments. While Bajaj Finance, Bajaj Finserv, and Maharashtra Scooters will adjust for final dividends only, Bajaj Holdings will be adjusted for both special and final dividends. The dividends were announced alongside their March quarterly results, with investors required to hold shares by June 29 to qualify for the payout. As per The Economic Times, today marks the last opportunity for investors to purchase shares to be credited to their demat accounts by Tuesday, making them eligible for the dividend payments.
Multiple companies have announced final dividend payments with June 30 set as the record date, requiring investors to hold shares by June 29 to qualify for the dividend. According to CNBC TV18 and previous reports from NDTV Profit and The Economic Times, Bajaj Holdings & Investment declared a final dividend of ₹80 per share and announced a special dividend of ₹50 per share, taking the total payout to ₹130 per share. Bajaj Finance proposed a final dividend of ₹6 per share for its investors, while Bajaj Finserv joined with a modest final dividend of ₹1.50 per share. Maharashtra Scooters declared a final dividend of ₹60 per share, marking one of the higher payouts among the companies in this round of announcements. Welspun Corp announced a final dividend of ₹5 per share. Recent data shows Jyothy Labs at ₹3.50 per share, Kansai Nerolac Paints at ₹2.50 per share, and Kalpataru Projects International at ₹11 per share with their respective record dates on June 29. The Economic Times reports that the total dividend value across all Bajaj Group companies is ₹138 per share.
Recent market data shows mixed performance among companies announcing dividends. Bajaj Holdings & Investment closed at ₹10,619 per share with a dividend yield of 1.35%, having gained 34% in the past month despite declining 6.4% this year. Bajaj Finance ended the previous session 0.8% higher at ₹987.95 with a dividend yield of 0.54% and has gained 11.1% in the past month. Bajaj Finserv shares closed 0.1% higher at ₹1,767 with a dividend yield of 1.04%, though it has declined 13.3% this year. Maharashtra Scooters ended 0.9% lower at ₹12,399 with a dividend yield of 1.06% and has declined 12.7% this year. Shriram Finance closed at ₹1,031.90 with a dividend yield of 1.04%. Dividends represent a portion of a company's profits distributed to shareholders as a return on their investment in the business.
Given India's T+1 settlement cycle, shares purchased on the record date will not be eligible for the dividend payment. As reported by NDTV Profit and The Economic Times, investors who own shares by June 29 will be the beneficiaries of these dividend payments. This settlement structure ensures that dividend eligibility is determined by the previous trading session rather than the record date itself. The record date for all these announcements is June 30, making today (Tuesday) the last session for retail investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date. The ex-dividend date is the day a stock begins trading without entitlement to the upcoming dividend, with the share price adjusting to reflect the payout on that date. According to The Economic Times, under SEBI's T+1 settlement cycle, investors must purchase a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action.
