Maruti Dividend: Maruti will give a dividend of Rs 125 on every share, know when the money will come in the account:

Maruti Dividend: Maruti will give a dividend of Rs 125 on every share, know when the money will come in the account

Business

Desk 2024-08-28 23:09:00

Maruti Suzuki Dividend Record Date: Maruti Suzuki shareholders have approved a final dividend of Rs 125 per equity share, the highest ever, at the company's 43rd Annual General Meeting (AGM) held on August 27, 2024. The company's board recommended a dividend of Rs 125 per equity share for the financial year 2023-24, under which a dividend of Rs 3930 crore will be given.

When will the dividend be received (Maruti Suzuki Dividend)

The dividend payment date is September 03, 2024. The record date for the final dividend of Rs 125 was August 08, 2024. The dividend is a reward given by a company to its shareholders every quarter in the form of cash or stock. In India, this reward is usually given in cash.

Maruti Suzuki Share

Despite the announcement of the dividend payment date, Maruti's stock is showing weakness on Wednesday. The company's stock opened at Rs 12537.05 on the BSE in the morning against the previous closing level of Rs 12496.60.

At around 2:15 pm, it was down by Rs 153.25 or 1.23% to Rs 12,343.35. At this rate, the company's market capital is Rs 3.88 lakh crore.