A ‘Dividend’ is usually defined as the distribution of a company’s earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company.
Moreover, an additional metric to note is the ‘Dividend Yield’ which is the dividend per share and is expressed as dividend/price as a percentage of a company’s share price.
Listed below are 3 Bajaj Group stocks that will be trading Ex-Dividend this week:
Bajaj Auto Limited
Bajaj Auto Limited, engaged in the process of manufacturing as well as distribution of automobiles such as electric two-wheelers, motorcycles, etc and their spare parts, declared a Final dividend of Rs 140 equating to a 1,400 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 30th June 2023.
The company has a dividend yield of 3.03 percent. The company’s stock is currently trading at a price of Rs 4,615 and has a market capitalization of Rs 1,30,584 crores.
Bajaj Finserv Limited
Bajaj Finserv Limited, a Non-Banking Financial Services Company (NBFC) engaged in lending activities, declared a Final dividend of Rs 0.80 equating to an 80 percent payout as compared to the face value of Rs 1. The ex-dividend date has been fixed as 30th June 2023.
The company has a dividend yield of 0.05 percent. The company’s stock is currently trading at a price of Rs 1,504 and has a market capitalization of Rs 2,39,400 crores.
Bajaj Holdings and Investment Limited
Bajaj Holdings and Investment Limited, an investment company choosing equities from both, the private as well as public equity markets, declared a Final dividend of Rs 13 equating to a 130 percent payout as compared to the face value of Rs 10. The ex-dividend date has been fixed as 30th June 2023.
The company has a dividend yield of 1.80 percent. The company’s stock is currently trading at a price of Rs 6,851 and has a market capitalization of Rs 76,242 crores.
Bajaj Finance Limited
Bajaj Finance Limited, servicing many customers by way of providing solutions through financing for the purpose of asset acquisition, declared a Final dividend of Rs 30 equating to a 1,500 percent payout as compared to the face value of Rs 2. The ex-dividend date has been fixed as 30th June 2023.
The company has a dividend yield of 0.43 percent. The company’s stock is currently trading at a price of Rs 7,000 and has a market capitalization of Rs 4,24,021 crores.
Written by Amit Madnani
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