Bajaj Holdings & Investment Ltd.and Maharashtra Scooters Ltd. Announce Significant Dividend Payouts
Investors can look forward to rewarding dividend payouts from Bajaj Holdings & Investment Ltd. and Maharashtra Scooters Ltd., with the ex-dividend date set for 25th September 2024.
Bajaj Holdings & Investment Ltd.
Bajaj Holdings, a core investment company (CIC), primarily focuses on managing its investment portfolio, which includes significant stakes in major Bajaj Group companies, such as Bajaj Auto, Bajaj Finserv, and Bajaj Finance. This company plays a pivotal role in consolidating the group's investments and capitalizing on the growth of its subsidiaries.
The company declared an interim dividend of ₹65 per share for the financial year ending March 2025. The current share price is ₹10,322.9, and its market capitalization stands at approximately ₹45,489 crore. Shareholders holding the stock by 25th September 2024 will be eligible to receive the dividend, which is expected to be paid by 10th October 2024.
Maharashtra Scooters Ltd.
Maharashtra Scooters, also a subsidiary of Bajaj Holdings, operates primarily as a core investment company (CIC). It invests heavily in Bajaj Group companies, such as Bajaj Auto, Bajaj Finserv, and Bajaj Finance, much like its parent company. Originally established for manufacturing scooters, the company has since shifted its focus towards investments.
Maharashtra Scooters has declared a substantial ₹110 per share dividend for FY 2025. With a market capitalization of ₹13,496 crore, the stock recently closed at ₹12196 per share. This generous payout highlights its commitment to rewarding investors as the company continues to manage a strong investment portfolio. The dividend is also set to be distributed around 10th October 2024.
Conclusion
Both companies are excellent opportunities for investors seeking consistent returns through dividends. While Bajaj Holdings focuses on expanding the Bajaj Group's investment capabilities, Maharashtra Scooters follows a similar strategy as a core investment company. With attractive dividends and a strong financial outlook, both stocks are worth considering for dividend-focused investors.
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