Dividend declared
Bajaj Auto Ltd for the year ending March 2022 has declared a stock dividend of 1400.00% or Rs 140 per share. The dividend was announced on April 27, 2022. According to the Bajaj Auto Ltd board meeting held on April 27, 2022, the company in its filing with the BSE stated, “In accordance with the dividend distribution policy of the company, the Board of Directors has approved/recommended a dividend at the rate of Rs. 140 per share (1400%) with a nominal value of Rs. 10 each on equity shares for the financial year ended 31 March 2022. Said dividend, if declared by the shareholders at the following annual general meeting will be credited/sent on or about July 30, 2022. The dividend, if declared, will be paid to the shareholders whose names appear on the register of members of the company or in the registers of the depositaries as beneficial owners of the shares on Friday July 1, 2022, which is the date of registration fixed for this purpose.
Ex-dividend date and record date– Investors should note that the ex-dividend date is June 30, 2022, while the announced record date is July 1, 2022.
Dividend history
The company has a good history of paying dividends and has maintained it over the past 15 years. Since 2008, the company has declared 16 dividends, including 2 interim dividends and 14 final dividends. The company has consistently declared dividends over the past 5 years. Last year, the company declared a final dividend of 1400% amounting to Rs 140 per share.
Stock market outlook
The current market price of Bajaj Auto (CMP) is Rs 3,837.25/share, after a gain of 1.39%, at the time of writing. The stock touched a 52-week low last year on December 20 at Rs 3,027/05/share. While the stock’s 52-week high recorded on June 23, 2021 was 4,259.65/share. The PE ratio is 17.76. The PB ratio is 3.67. EPS-TTM is Rs 213.08.
The stock in terms of returns has given mixed returns over the years. Over the past week, the stock price has risen nearly 3.46% and fallen nearly 0.04%. Over the past 3 months it has increased by 5.09%a, and over the past year it has given a negative return of 9.86%. On long-term investments, it gave massive returns compared to 1-year returns. In 3 years it gave positive returns of 31.62% and in 5 years 34.01% positive returns respectively.
About – Bajaj Auto Ltd.
Bajaj Auto, the flagship company of the Bajaj Group, is a two and three-wheeler manufacturing company that exports to 79 countries across several countries in Latin America, Southeast Asia and many more. Its head office is in Pune, India. It acquired 48% of the KTM brand which manufactures sporty and super sporty two-wheelers, up from 14% in 2007 when the company first acquired KTM.
