Investors are keeping a close eye on Schaeffler India and CIE Automotive India as both companies enter a crucial phase today. The stocks are trading ex-dividend, meaning shareholders must act quickly to ensure they benefit from the upcoming dividend payouts. Today marks the record date, which is essential for identifying eligible shareholders who will receive these dividends.
Understanding the Ex-Dividend Process
The ex-dividend date is significant in the stock market. Shareholders looking to receive dividends must have purchased shares at least one day before this record date. For Schaeffler India and CIE Automotive India, this means that any buyer today will not qualify for the dividend. Instead, those who acquired shares yesterday will be on the list of eligible recipients, following the T+1 settlement system.
Dividend Details You Should Know
Schaeffler India has announced an attractive dividend of ₹28 for each equity share with a face value of ₹2. This payout is proposed for the financial year ending December 31, 2024, and will be disbursed within 30 days after approval at the Annual General Meeting (AGM) scheduled for April 30, 2025.
- Record Date: April 23, 2025
- Proposed Dividend: ₹28 per share
- AGM Date: April 30, 2025
CIE Automotive India, on the other hand, has recommended a final dividend of ₹7 for each equity share having a face value of ₹10 for the same financial year. This recommendation was made by the Board of Directors on February 20, 2025, and similarly, the dividend will be distributed within 30 days following the AGM.
- Proposed Dividend: ₹7 per share
- Record Date: April 23, 2025
- AGM Date: April 30, 2025
What Investors Need to Consider
For both companies, it’s crucial for investors to be aware of these dates and details. Missing the record date can mean losing out on dividend income, which can be a significant part of an investment strategy.
In conclusion, Schaeffler India and CIE Automotive India are making headlines today with their dividend announcements. Investors should act swiftly to ensure they don’t miss out on these lucrative opportunities. For ongoing updates on stock market trends and investment strategies, keep informed through trusted financial news outlets and expert analyses.
