Maruti Suzuki India's 1200% Dividend Is Turning Ex-Dividend Next Month, Check Key Details Here

August will be a significant Month for Maruti Suzuki India Limited shareholders as the company will trade ex-dividend. The stocks of the company are in the spotlight as the company declares its Q1FY23 results this week as per reports. Maruti Suzuki is a large cap automobile company with a market capitalization of Rs 2,58,314 crore. Existing investors and potential investors, both are keeping Maruti Suzuki India's stocks under their radar as those who did not buy the shares of the company won't be eligible for the upcoming dividend.

1200% Final Dividend

The Board of Directors of Maruti Suzuki India Limited on April 29, 2022, approved the financial results for the year ended on 31st March 2022 as well as declared an equity final dividend of 1200% amounting to Rs 60 per equity share for the FY22.

Maruti Suzuki India Ltd in its regulatory filing to BSE & NSE on April 29, 2022, stated, "Though the profit in FY 2021-22 was lower, the Board of Directors recommended a dividend of INR 60 per share (face value of INR 5 per share) compared to INR 45 per share in FY 2020-21. This is a special one-time gesture to thank shareholders for their patronage and support as the Company commemorates its 40th year since inception."

The date of payment of the dividend is 8th September 2022 subject to the approval of the shareholders in the ensuing annual general meeting.

Ex-Dividend Date - The ex-date of the final dividend is 03 August 2022.

Maruti Suzuki India Dividend History

The company has a rich dividend history and constantly declared dividends in the last 18 years. The company declared its first dividend in the year 2008. Since July 2008, the company has declared 19 dividends, all 19 dividends were final dividends. For FY 2022-21, the company declared a final dividend of Rs 45 per equity share (at 900%).

Maruti Suzuki Stock Outlook & Returns

The current market price of the stock is Rs 8,530.80 apiece, it was opened at Rs 8,525.85 apiece. The shares of the company in last 1 month fallen nearly 2.13%. However, in the last 1 month, its share has gained 1.99%. In the past 1 year, the share price gained 17.88% and 46.93% in the past 3 years, respectively. In the past 5 years, its hare gained 12.75% in its value.

The stock's 52 week low is Rs 6.536.55 apiece and 52 weeks high is Rs 9,050 apiece. The 52 week low & high are recorded in early 2022. The ROE of the stock is 7.01%. Its debt to equity ratio is 0.01%. Its dividend yield is 0.70% and its face value is Rs 5.

About - Maruti Suzuki India Limited

Maruti Suzuki India Limited is the market leader in the Indian Automobile market. It is engaged in the business of manufacture, purchase and sale of motor vehicles, automobile components and spare parts (automobiles). The other activities of the Company consist of the facilitation of pre-owned car sales, fleet management and car financing. The Company's portfolio includes the Maruti 800, Alto 800, Alto K10, A-star, Estilo, Omni, WagonR, Swift, Swift DZire, Ritz, SX4, Eeco, Kizashi, Gypsy, Grand Vitara, Ertiga and Stingray. The Company's services include Insurance, Maruti Genuine Parts, Finance, Maruti Genuine Accessories, Maruti Driving School and Autocad.

 

Disclaimer

The stock has been sourced from NSE. 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.