TVS Motor Company, a prominent player in the two-wheeler industry, is currently attracting attention as its shares are trading ex-dividend. Recently, the company announced an interim dividend of ₹10 per share for its shareholders. But what does this mean for you as an investor? Let’s explore the details surrounding this dividend announcement and its implications.

Understanding the Record Date for TVS Motor Shares

To determine who qualifies for the dividend, TVS Motor has established March 26 as the record date. Shareholders who possess TVS Motor shares—whether in electronic or physical form—on this date will be entitled to the payout. Following the guidelines set by the Companies Act, 2013, eligible shareholders can expect to receive their dividend within 30 days of this date.

• Important Note: Investors needed to acquire shares by March 25 to be eligible for the dividend, in line with the T+1 settlement cycle.

Dividend Payout Amounts to ₹475 Crore

The board of TVS Motor has declared a substantial interim dividend of ₹10 per share, which represents a staggering 1,000% on its 47,50,87,114 fully paid-up equity shares of ₹1 each. This generous payout totals around ₹475 crore, showcasing the company’s commitment to rewarding its investors.

TVS Motor’s Dividend History

TVS Motor has a consistent track record of rewarding its shareholders. Earlier this year in March 2024, the company issued an interim dividend of ₹8 per share, and in February 2023, shareholders received ₹5 per share. This pattern signifies a strong commitment to returning value to investors over time.

Current Share Performance of TVS Motor

As of the latest trading session, TVS Motor’s shares are priced at ₹2,429.10, reflecting a modest increase of 0.31% during intraday trading. Over the past five trading days, the stock has experienced a nearly 4% rise, which is consistent with its performance over the last month. However, in a broader perspective:

• 6-Month Performance: A decline of 16%.
• 1-Year Performance: An increase of 17%.
• Year-to-Date Performance: A slight uptick of 1%.

TVS Motor boasts a market capitalization of ₹1.15 lakh crore. The stock has seen a high of ₹2,958 and a low of ₹1,873 over the past year, indicating its volatility and potential for growth.

Conclusion

In summary, the announcement of the ₹10 interim dividend by TVS Motor Company represents a significant benefit for eligible shareholders. With a solid history of dividends and current share performance showing both gains and fluctuations, TVS Motor continues to be a noteworthy investment in the two-wheeler segment. If you’re looking to stay updated on market trends and investment opportunities, keep an eye on TVS Motor’s upcoming movements.