TVS Motor Company, a prominent player in the Indian two-wheeler market, recently announced an exciting interim dividend of ₹10 per share for the financial year 2024-25. This announcement, made on Thursday, represents the company’s inaugural interim dividend for the current fiscal year.
Key Dividend Details
The Board of Directors convened and approved an interim dividend of 1,000% on 47,508,711 equity shares, each valued at ₹1 and fully paid up. This decision will result in an expenditure of approximately ₹475 crore for the financial year concluding on March 31, 2025.
- Dividend Amount: ₹10 per share
- Total Shares: 47,508,711
- Total Payout: ₹475 crore
- Financial Year End: March 31, 2025
Record Date for Shareholders
To qualify for this interim dividend, TVS Motor has set March 26, 2025, as the record date. Shareholders who possess shares in either physical or electronic format and are listed in the Register of Members or Depositories by the end of the working day on this date will be eligible for the payment. The company ensures that the dividend will be disbursed within 30 days of the declaration, in accordance with the Companies Act, 2013.
TVS Motor Share Performance
In today’s trading session, TVS Motor shares experienced a 1.17% increase, reaching ₹2,346 per share. This marks the fourth consecutive day of gains for the stock. However, it is noteworthy that the shares have been on a decline since achieving a peak of ₹2,958 in September 2022.
- Current Price: ₹2,346
- Peak Price (Sept 2022): ₹2,958
- Discount from Peak: 21%
- Performance Over 3 Years: Up by 283%
- Performance Over 5 Years: Up by 517%
Despite the recent fluctuations, TVS Motor’s long-term growth trajectory remains impressive, highlighting its resilience in the competitive automotive industry.
Conclusion
As TVS Motor continues to navigate the complexities of the market, this interim dividend announcement underscores the company’s commitment to delivering value to its shareholders. With a robust performance over recent years, investors may find confidence in the company’s future prospects.
For more updates on stock performance and dividend announcements, consider checking relevant financial news platforms.
