Bajaj Finance Limited operates as a non-banking financial company in India. The company offers consumer durable, lifestyle, lifecare, digital product, two and three wheeler, developer, used car, medical equipment, vendor, light engineering, specialty chemicals, financial institution, corporate, and warehouse finance services; IPO and ESOP finance, margin trading finance, trading account, depository, and HNI and retail broking services; personal, gold, home, business, working capital, secured enterprise, and professional loans; and loan against fixed deposits, shares, properties, and securities. It also provides life, general, and health insurance, as well as pocket insurance products; extended warranty, e-commerce, and lease rental discounting services; financial fitness reports; and EMI cards, and co-branded credit cards and wallets, as well as offers investment services, such as systematic deposit plan, fixed and term deposits, and mutual funds. The company was formerly known as Bajaj Auto Finance Limited and changed its name to Bajaj Finance Limited. The company was incorporated in 1987 and is based in Pune, India. Bajaj Finance Limited is a subsidiary of Bajaj Finserv Limited.
Bajaj Finance Dividend Announcement
• Bajaj Finance announced a annually dividend of ₹36.00 per ordinary share which will be made payable on 2024-07-27. Ex dividend date: 2024-06-21
• Bajaj Finance annual dividend for 2024 was ₹36.00
• Bajaj Finance annual dividend for 2023 was ₹30.00
• Bajaj Finance's trailing twelve-month (TTM) dividend yield is 0.51%
• Bajaj Finance's dividend growth over the last five years (2018-2023) was 49.63% year
• Bajaj Finance's dividend growth over the last ten years (2013-2023) was 14.87% year
Bajaj Finance Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-21 | ₹36.00 | annually | 2024-07-27 |
2023-06-30 | ₹30.00 | annually | 2023-08-25 |
2022-06-30 | ₹20.00 | annually | 2022-08-26 |
2021-07-08 | ₹10.00 | annually | 2021-07-26 |
2020-03-03 | ₹10.00 | annually | 2020-03-09 |
2019-07-11 | ₹6.00 | annually | 2019-07-31 |
2018-07-05 | ₹4.00 | annually | 2018-07-27 |
2017-07-06 | ₹3.60 | annually | 2017-07-27 |
2016-07-14 | ₹3.50 | annually | 2016-08-26 |
2016-03-16 | ₹9.00 | annually | 2016-03-28 |
2015-07-09 | ₹9.00 | annually | 2015-07-29 |
2014-07-03 | ₹8.00 | annually | 2014-07-23 |
2013-07-04 | ₹7.50 | annually | 2013-07-25 |
Bajaj Finance Dividend per year
Bajaj Finance Dividend growth
Bajaj Finance Dividend Yield
Bajaj Finance current trailing twelve-month (TTM) dividend yield is 0.51%. Interested in purchasing Bajaj Finance stock? Use our calculator to estimate your expected dividend yield:
Bajaj Finance Financial Ratios
Bajaj Finance Dividend FAQ
Other factors to consider when evaluating Bajaj Finance as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Bajaj Finance's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Bajaj Finance publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Bajaj Finance distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Bajaj Finance are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Bajaj Finance sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Bajaj Finance distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bajaj Finance declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Bajaj Finance's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Bajaj Finance's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.