Bosch Ltd Announces Rs 280/Share Dividend: Auto Ancillaries Stock Set to Trade Ex-Dividend in 4 Days

Rajesh
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Bosch Ltd, a prominent player in the auto ancillaries sector, recently declared a substantial dividend of Rs 280 per share, marking one of its highest payouts. With the record date set for July 14, 2023, investors have the opportunity to benefit from this dividend. This blog post provides detailed information about Bosch Ltd's dividend announcement, stock performance, and financial highlights.

Bosch Ltd

Bosch Ltd's Dividend Declaration:

According to the recent BSE filing by Bosch Ltd, the company has recommended a final dividend of Rs 280 per equity share of Rs 10 each for the financial year 2022-23. This dividend is subject to the approval of shareholders and, if declared at the ensuing Annual General Meeting, will be paid or dispatched on or after August 10, 2023. In addition to this final dividend, Bosch had also declared an interim dividend of Rs 200 on January 30, 2023, with a record date of February 22, 2023.

Dividend Yield and Market Price:

Considering the current market price of Bosch Ltd's share at Rs 19,220.60, the dividend yield stands at 2.5%. The stock's last trading price was Rs 19,220.60 per share, experiencing a slight intraday fall of 2.63% on the Bombay Stock Exchange (BSE). Investors who purchase the stock before the ex-dividend date can potentially benefit from the dividend payout.

Bosch Ltd's Stock Performance and Returns:

Bosch Ltd's shares have exhibited favorable performance in recent periods. With a 52-week high of Rs 19,980.00 per share and a 52-week low of Rs 15,301.10 per share, the company has demonstrated resilience in the market. Over the last six months, the stock has delivered a 10% return, and year-to-date, it has provided a 12% return. Additionally, the stock has yielded a return of 19% in the last year, 25% in the last two years, and 44% in the last three years. Over a five-year period, the return stands at 8%.

Bosch Ltd's Financial Performance:

Bosch Ltd, a global supplier of technology and services, reported a consolidated net profit of Rs 399 crore for the fourth quarter ended March 2023, indicating a 14% growth compared to the same period last year. The company's net profit for the January-March quarter of 2021-22 was Rs 350 crore. The revenue from operations for the fourth quarter amounted to Rs 4,063 crore, showing a significant increase from the previous quarter's Rs 3,311 crore.

About Bosch Ltd:

Bosch Ltd operates across four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading provider of Internet of Things (IoT) solutions, Bosch offers innovative products and services for smart homes, Industry 4.0, and connected mobility. For more information about the company and its offerings, please visit Bosch's official website.

Disclaimer:

The information provided in this blog post is intended to highlight Bosch Ltd's dividend announcement and should not be construed as a recommendation to buy, sell, or hold the stock. No fundamental or technical analysis has been conducted, and the author shall not be held liable for any losses incurred. It is advisable to seek advice from a professional advisor before making investment decisions.

Also Read : Thangamayil Jewellery Ltd Surges to New 52-Week High with 1:1 Bonus Issue and Rs 6/Share Dividend

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