Investing.com — The leading non-banking financial company (NBFC) Bajaj Finance (NS:BJFN) will be under focus this week as its shares are scheduled to turn ex-dividend for a dividend of 1,500% for the financial year ended March 31, 2023.
Read More: IPO Update: Gujarat-Based Infra Developer Chavda Infra Files DRHP With NSE Emerge
According to Investing.com’s ‘Dividend Calendar’, the financial giant will begin trading ex-dividend on Friday, June 30, 2023.
The Board of Directors of Bajaj Finance had recommended a dividend of Rs 30 per equity share having a face value of Rs 2 each for the financial year 2022-23 while releasing its financial earnings for the March-ended quarter.
Read More: Why Yes Bank shares will be in focus next week — explained
The corporate reward is subject to the approval of the financial company’s shareholders at the ensuing Annual General Meeting (AGM) to be held on July 26, 2023, through video conferencing.
The mega-cap company’s Board of Directors has approved to pay the aforementioned dividend to shareholders holding Bajaj Finance’s shares as of the record date of June 30, 2023.
The dividend will be credited or dispatched to eligible shareholders of the company on either July 28 or July 29, 2023.
The dividend paid by Bajaj Finance in FY23 is higher than the dividend of Rs 20/share paid by the company on a face value of Rs 2 each and translates to a dividend of 1,000% for the financial year 2021-22.
