TVS Motor Company share price zoomed nearly 4% to Rs 2,431.65 per share on Friday, riding high on the company’s blockbuster dividend announcement. The auto giant announced a whopping 1000% interim dividend.
Here are three key things investors need to know: 1. TVS Motor declares a 1000% interim dividend
TVS Motor Company has announced its first interim dividend for FY 2024-25, declaring Rs 10 per share, which translates to a massive 1000% dividend. The total payout for this dividend stands at Rs 475 crore.
“The Board of Directors of the Company at its meeting held today, declared an interim dividend of Rs. 10/- per share (1000%) on 47,50,87,114 equity shares of Re 1/- each fully paid up, absorbing a sum of Rs 475 Cr, for the financial year ending 31st March 2025,” said the company in an exchange filing.
ALSO READMotilal Oswal’s top picks at this hour: Manappuram Finance and GAIL 2. Record date for dividend eligibility
The company has set March 26, 2025, as the record date to determine eligible shareholders. Those holding TVS shares as of this date, either in physical or electronic form, will receive the dividend within 30 days, as per the Companies Act, 2013.
3. TVS Motors dividend track record
TVS Motor has consistently rewarded shareholders with dividends. In March 2024, the company paid an interim dividend of Rs 8 per share, while in February 2023, it was Rs 5 per share.
TVS Motor share price performance
TVS Motor share prices have gained 5% in the last five trading sessions and are up 5% over the past month. However, over the last six months, the stock has faced some pressure, dropping 14%. On a yearly basis, TVS Motors has delivered an 18% gain.
» Read More
