TVS Motor Company, the two-wheeler giant, is making headlines as its shares trade ex-dividend. The company recently announced an interim dividend of Rs 10 per share for its eligible shareholders. But what does this mean for you? Here’s a breakdown of everything you need to know.
TVS Motor record date: Are you eligible?
The company has set March 26, that is today, as the record date to determine shareholders eligible to receive the dividend. If you own TVS Motor shares as of this date, either in electronic or physical form, you will receive the payout within 30 days as per the Companies Act, 2013.
According to the T+1 settlement cycle, investors needed to buy TVS Motor shares at least one day before the record date to be eligible for the dividend.
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The board of TVS Motor declared an interim dividend of Rs 10 per share (1,000%) on 47,50,87,114 equity shares of Rs 1 each fully paid-up, amounting a total of Rs 475 crore.
TVS Motor dividend track record
This is not the first time TVS Motor is rewarding its shareholders. In March 2024, it paid an interim dividend of Rs 8 per share, while in February 2023, it declared Rs 5 per share.
TVS Motor share performance
TVS Motor Company’s share price is currently trading at Rs 2,429.10, up 0.31% in intraday trade. Over the past five trading days, the stock has surged nearly 4%, mirroring a similar 4% gain in the last one month.
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However, in the last six months, the stock has seen a 16% decline, while on a one year basis, it has risen 17%. Year-to-date (YTD), the stock remains largely flat with a 1% uptick.
With a market capitalisation of Rs 1.15 lakh crore, TVS Motor’s 52-week high stands at Rs 2,958, while its 52-week low is Rs 1,873 per share.
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