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This Bajaj Holdings company announces a 600% payout after stock nearly doubled in 12 months
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Record date for the said dividend has been fixed as June 28, 2024, Maharashtra Scooters said in an exchange filing.
The Board of Maharashtra Scooters Ltd. announced a final dividend of ₹60 per share for its shareholders for the financial year 2024. The decision was made at its board meet on Wednesday.
Record date for the said dividend has been fixed as June 28, 2024. A record date means only those accounts, who own shares of Maharashtra Scooters as of that date, would be eligible for the dividend payout.
The amount of dividend declared translates into a total payout of 600%.
“The said dividend, if declared by the shareholders at the ensuing Annual General Meeting, will be credited / dispatched on 26 July 2024 and/or 27 July 2024,” the company said in an exchange filing.
The annual general meeting of the company is scheduled to be held on July 22, 2024.
Previously, the company had declared an interim dividend of ₹110 per share last year in September, followed by ₹60 final dividend in June 2023.
Shares of Maharashtra Scooters have surged to the day’s high and are currently trading 2% higher at ₹8,067.45. The stock has surged 10% so far in 2024.
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