Maharashtra Scooters Ltd. manufactures and sells pressure die casting dies, jigs, fixtures, and die casting components primarily for the two and three-wheeler industry in India. The company operates through two segments, Manufacturing and Investments. It is also involved in treasury operations, which manages surplus funds invested by the company. The company was incorporated in 1975 and is based in Pune, India. Maharashtra Scooters Ltd. operates as a subsidiary of Bajaj Holdings & Investment Limited.
Maharashtra Scooters Dividend Announcement
• Maharashtra Scooters announced a semi annually dividend of ₹110.00 per ordinary share which will be made payable on 2024-10-10. Ex dividend date: 2024-09-25
• Maharashtra Scooters annual dividend for 2024 was ₹170.00
• Maharashtra Scooters annual dividend for 2023 was ₹170.00
• Maharashtra Scooters's trailing twelve-month (TTM) dividend yield is 1.81%
• Maharashtra Scooters's dividend growth over the last five years (2018-2023) was 38.80% year
• Maharashtra Scooters's dividend growth over the last ten years (2013-2023) was 23.86% year
Maharashtra Scooters Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-25 | ₹110.00 | semi annually | 2024-10-10 |
2024-06-28 | ₹60.00 | semi annually | 2024-07-27 |
2023-09-28 | ₹110.00 | semi annually | 2023-10-13 |
2023-06-30 | ₹60.00 | semi annually | 2023-08-23 |
2022-09-22 | ₹100.00 | semi annually | 2022-10-13 |
2022-06-30 | ₹80.00 | semi annually | 2022-07-29 |
2021-07-08 | ₹50.00 | semi annually | 2021-07-27 |
2020-03-03 | ₹50.00 | semi annually | 2020-03-09 |
2019-07-11 | ₹33.00 | semi annually | 2019-07-30 |
2018-07-05 | ₹33.00 | semi annually | 2018-07-24 |
2017-07-06 | ₹30.00 | semi annually | 2017-07-25 |
2016-03-22 | ₹30.00 | semi annually | 2016-03-30 |
2015-07-09 | ₹30.00 | semi annually | 2015-07-28 |
2014-07-03 | ₹25.00 | semi annually | 2014-07-22 |
2013-07-04 | ₹20.00 | semi annually | 2013-07-22 |
Maharashtra Scooters Dividend per year
Maharashtra Scooters Dividend growth
Maharashtra Scooters Dividend Yield
Maharashtra Scooters current trailing twelve-month (TTM) dividend yield is 1.81%. Interested in purchasing Maharashtra Scooters stock? Use our calculator to estimate your expected dividend yield:
Maharashtra Scooters Financial Ratios
Maharashtra Scooters Dividend FAQ
Other factors to consider when evaluating Maharashtra Scooters 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: Maharashtra Scooters'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, Maharashtra Scooters 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, Maharashtra Scooters 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 Maharashtra Scooters 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: Maharashtra Scooters 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, Maharashtra Scooters distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Maharashtra Scooters 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 Maharashtra Scooters'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 Maharashtra Scooters'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.