Top 4 Bajaj Group Stocks Going Ex-Dividend This Week: A Lucrative Opportunity for Investors

Rajesh
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Investors looking for dividend opportunities may find the Bajaj Group stocks particularly enticing this week. Four prominent stocks within the group, namely Bajaj Finance, Bajaj Finserv, Bajaj Auto, and Bajaj Holdings & Investment, are slated to trade ex-dividend. With attractive dividend rates and upcoming distribution dates, these stocks are catching the attention of investors. In this article, we will delve into the dividend details, record dates, and ex-dividend dates for each of these stocks.

Discover the ex-dividend dates of Bajaj Group stocks - Bajaj Finance, Bajaj Finserv, Bajaj Auto, and Bajaj Holdings. Don't miss out on these dividend opportunities!

1. Bajaj Finance:

Bajaj Finance, a leading non-banking financial corporation, has recommended a substantial dividend for the fiscal year ending March 31, 2023. The Board of Directors proposed a dividend rate of Rs. 30 per share, equivalent to an impressive 1500% of the face value of Rs. 2 per share. Shareholders who qualify for the dividend will receive the distribution on or around July 28 or July 29, 2023, provided it is approved at the upcoming annual general meeting. To determine eligibility, the record date has been set as Friday, June 30, 2023. Notably, the ex-dividend date aligns with the record date due to Bajaj Finance's T+1 settlement type. Today, the shares of Bajaj Finance opened at Rs. 6,990.10 apiece on the Bombay Stock Exchange (BSE).

2. Bajaj Finserv:

Bajaj Finserv, another prominent player within the Bajaj Group, has followed suit by announcing a commendable dividend. The Board of Directors has recommended a dividend rate of Rs. 0.80 per share, representing 80% of the face value of Rs. 1 per share, for the financial year ended March 31, 2023. Subject to shareholder approval at the forthcoming Annual General Meeting, the dividend will be credited or dispatched on or about Friday, July 28, 2023, or Saturday, July 29, 2023. The record date to ascertain dividend eligibility has been fixed as Friday, June 30, 2023, as per Regulation 42 of the SEBI Listing Regulations. Similar to Bajaj Finance, Bajaj Finserv's ex-dividend date is on June 30, 2023, due to its T+1 settlement type. Today, Bajaj Finserv shares opened at Rs. 1,495.05 apiece on the BSE.

3. Bajaj Auto:

Bajaj Auto, renowned for its two-wheelers and three-wheelers, has also approved a significant dividend for the fiscal year ending March 31, 2023. The Board of Directors recommended a dividend rate of Rs. 140 per share, amounting to 1400% of the face value. The distribution, subject to approval at the upcoming annual general meeting, is expected to be credited or distributed around July 28, 2023. To be eligible for the dividend, shareholders must be on the Register of Members or listed as beneficial owners in the records of the Depositories as of Friday, June 30, 2023, which serves as the record date. The ex-dividend date for Bajaj Auto is also set for June 30, 2023, in accordance with the T+1 settlement type. Today, Bajaj Auto shares opened on the BSE at Rs. 4,684.95.

4. Bajaj Holdings & Investment:

Bajaj Holdings & Investment, an esteemed holding company within the Bajaj Group, has recommended a final dividend for the financial year ending March 31, 2023. The Board of Directors proposed a dividend rate of Rs. 13 per share, which corresponds to 130% of the face value of Rs. 10 per share. If approved at the ensuing Annual General Meeting, the dividend will be credited or dispatched on July 31, 2023, and/or August 1, 2023. The record date to establish dividend eligibility has been set as Friday, June 30, 2023, in accordance with Regulation 42 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Due to Bajaj Holdings & Investment's T+1 settlement type, the ex-dividend date coincides with the record date, falling on Friday, June 30, 2023. Today, Bajaj Holdings & Investment shares opened on the BSE at Rs. 6,828.40.

Conclusion:

With Bajaj Finance, Bajaj Finserv, Bajaj Auto, and Bajaj Holdings & Investment all trading ex-dividend this week, investors have an opportunity to capitalize on these dividend-rich stocks. It is crucial to consider the respective record dates and ex-dividend dates when making investment decisions. By staying informed about these key details, investors can strategically position themselves to benefit from the dividend distributions of these esteemed Bajaj Group stocks.

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