Dividend Paying Stocks: Two shares of Bajaj – Bajaj Auto and Bajaj Finance have become ex-dividend stocks today. According to their exchange communication, both the companies have fixed 1 July 2022 as the record date for dividend payment. The Board of Directors of Bajaj Auto has approved the dividend of 140 per equity share for the financial year 2021-22 while Bajaj Finance has recommended dividend 20 per equity share for the financial year 2021-22.
Informing about the record date for dividend payment, communication of exchange of Bajaj Auto Limited Says “In line with the Company’s dividend distribution policy, the Board of Directors has approved/recommended dividend at the rate of Rs.140 per share (1400%) of the face value of Rs.10 each on equity shares for the financial year ended. 31 March 2022. The said dividend, if declared by the shareholders in the ensuing Annual General Meeting, shall be credited/remitted on or around 30 July 2022.”
“The dividend, if declared, shall be paid to the equity shareholders, whose names appear in the register of members of the company or in the records of the depositories as the beneficial owners of the shares as on Friday, the 1st July 2022, that record is the date prescribed for this purpose,” Bajaj Auto Ltd exchange communication added.
Informing the Indian stock exchanges about the record date for dividend payment, Bajaj Finance Limited said, “In line with the revised dividend distribution policy of the company, the Board of Directors has decided to issue a dividend @ Rs.2.0 per share (1000%) of the face 2 on each equity shares for the financial year ended 31st March 2022. The said dividend, if declared by the shareholders in the ensuing Annual General Meeting, will be 1st August 2022 and/or 2nd August Will be deposited/dispatched on 2022.”
“The dividend, if declared, shall be paid to the equity shareholders, whose names appear in the register of members of the company or in the records of the depositories as the beneficial owners of the shares as on Friday, the 1st day of July, 2022, that record Date set for the purpose,” Bajaj Finance exchange communication added.
In Q4FY22 results, Bajaj Auto announced a 10.30 per cent jump in year-on-year (YoY) net profit. Two wheeler and three wheeler company reported Q4FY22 net profit 1,469 crore which was 1332 cr in Q4FY21. Its margin stood at 17.20 per cent in Q4FY22 as against its EBIDTA of 341 per cent in the quarter ended March 2022 1366 crores.
Similarly, in Q4FY22, Bajaj Finance reported a jump in its net profit on a year-on-year basis with an increase of nearly 80 per cent in its net profit Q4FY21 to . 1346.64 crore in 24.19.51 crore in Q4FY22. It has reported the highest ever consolidated PAT (Profit After Tax) 7,028 crore in Q4FY22. The company registered an increase of about 30 percent in net income from Q4FY21 to . 4659 crore in 6068 crores in Q4FY22.