Auto Component Major Declared Highest Dividend This Year, Dividend Yield 2.56%

Large cap auto ancillaries sector stock, Bosch Ltd declared highest dividend at Rs 280 per equity share (2800%) on May 10, 2023. This is one of the highest dividends it has declared over the years. The zero-debt burden company has fixed July 14, 2023 as the record date. It has a dividend yield of 2.56%. Check details below:

Bosch Ltd Declared Dividend On May 10, 2023: According to the BSE filing of Bosch Ltd, "Recommended a final dividend of Rs 280/· per equity share of t1 0 each, subject to approval of shareholders. The total dividend payout for the financial year 2022·23 (including interim dividend Rs 200 paid in March 2023) is Rs 480/· per equity share (previous year Rs 210/· per equity share). The said final dividend, if declared, by the shareholders at the ensuing Annual General Meeting will be paid/dispatched on or after August 10, 2023."

Bosch Ltd Stock Performance & Return: Last trading price of Bosch Ltd share is Rs 18,781.50 per share with marginal intraday gain of 0.09%. Its 52-week high price is Rs 19,854.20 per share and 52-week low price is Rs 13,166.60 per share, respectively. Its market capitalisation stands at Rs 55,341.28 crore. Bosch Ltd stock delivered return of 9% YTD, 7% in last 6-months, 31% in last 1-year, 19% in last 2-years, and 68% in last 3-years.

Bosch Ltd Quarterly Results: The auto component major declared 14% surge in its consolidated net profit to Rs 399 crore for the fourth quarter ended March 2023. It announced its net profit at Rs 350 crore for the January-March quarter of 2021-22. Revenue from operations of Bosch Ltd surged to Rs 4063 crore for the fourth quarter against Rs 3311 crore announced in the preceding period. The company for the year ended March 2023 declared its consolidated net profit at Rs 1424 crore as against Rs 1217 crore in financial year 2022.

Dividend History: It declared Rs 110 final dividend and Rs 100 special dividend in 2022. In 2021, Bosch announced Rs 115 per share dividend and Rs 105 per share dividend in 2020. In 2019, it was Rs 105 per share dividend again and Rs 100 dividend was declared in 2018. In 2017, it announced Rs 75/share interim dividend and Rs 90/share final dividend. The auto ancillaries sector stock declared Rs 85 per share dividend in 2016 and again Rs 85 per share dividend in 2015. In 2014, it announced Rs 55 per share dividend.

Bosch Ltd About: In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end-to-end engineering and technology solutions, according to its official website.

Disclaimer: The stock declared highest dividend this year. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.