Unlocking Wealth: 5 Essential Insights on Schaeffler India's Jaw-Dropping 1400% Dividend Payout!

Imagine receiving a staggering 14 times your original investment! That’s precisely what Schaeffler India is delivering to its shareholders with an astonishing 1400% final dividend for the financial year. For every share valued at Rs 2, investors are in line to receive a generous Rs 28 as a dividend payout.

Curious about the implications of this remarkable announcement? Here’s a comprehensive guide to everything you need to know about this lucrative dividend.

Schaeffler India’s Impressive Dividend Offer

Schaeffler India, recognized as a leader in the auto components sector, has declared a final dividend of Rs 28 per share for the fiscal year 2024. This translates into an eye-catching 1400% dividend for the financial year ending in December 2024, making it one of the most substantial payouts in the industry.

Important Dates to Remember

To qualify for this incredible dividend, ensure you own shares of Schaeffler India by April 23, 2025. This date marks the record date, and only shareholders registered by this time will be eligible for the payout.

When Can Shareholders Expect the Payout?

The dividend distribution is anticipated to occur within 30 days following the company’s Annual General Meeting (AGM), which is slated for April 23, 2025. If the dividend gets the green light (which is highly expected), shareholders should see the funds in their accounts by May 23, 2025.

A Look Back at Schaeffler India’s Dividend History

This isn’t the first rodeo for Schaeffler India in terms of dividends. The company has consistently raised its payouts in recent years, with previous returns of Rs 24 per share in 2023, Rs 26 in 2024, and now reaching Rs 28 in 2025.

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Current Stock Performance

As of now, Schaeffler India’s shares are trading at Rs 3,153.20, reflecting a 4% increase today. In the past week, the stock has risen by 5%. However, looking at a broader picture reveals a decline, with the stock down 7% over the past month, 21% in the last six months, and 9% year-to-date.

In summary, Schaeffler India’s generous dividend offer presents a golden opportunity for shareholders. If you’re looking to benefit from this exceptional payout, ensure your shares are in place before the April deadline!