Maruti Suzuki India Limited manufactures, purchases, and sells motor vehicles, components, and spare parts primarily in India, rest of Asia, Europe, Africa, Oceania, and Latin America. The company offers passenger vehicles, multi utility vehicles, and multi-purpose vehicles. It is also involved in the facilitation of pre-owned car sales, fleet management, and car financing. In addition, the company offers driving school, accessories, insurance, and financing products and services. As of March 31, 2022, it had a network of 4,254 workshops across 2,134 cities. The company was formerly known as Maruti Udyog Limited and changed its name to Maruti Suzuki India Limited in September 2007. The company was incorporated in 1981 and is headquartered in New Delhi, India. Maruti Suzuki India Limited is a subsidiary of Suzuki Motor Corporation.
Maruti Suzuki India Dividend Announcement
• Maruti Suzuki India announced a annually dividend of ₹125.00 per ordinary share which will be made payable on 2024-09-03. Ex dividend date: 2024-08-02
• Maruti Suzuki India annual dividend for 2024 was ₹125.00
• Maruti Suzuki India annual dividend for 2023 was ₹90.00
• Maruti Suzuki India's trailing twelve-month (TTM) dividend yield is 1.13%
• Maruti Suzuki India's dividend growth over the last five years (2018-2023) was 2.38% year
• Maruti Suzuki India's dividend growth over the last ten years (2013-2023) was 27.38% year
Maruti Suzuki India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-02 | ₹125.00 | annually | 2024-09-03 |
2023-08-03 | ₹90.00 | annually | 2023-09-06 |
2022-08-03 | ₹60.00 | annually | 2022-09-30 |
2021-08-05 | ₹45.00 | annually | 2021-09-02 |
2020-08-13 | ₹60.00 | annually | 2020-08-31 |
2019-08-14 | ₹80.00 | annually | 2019-08-30 |
2018-08-14 | ₹80.00 | annually | 2018-08-28 |
2017-08-24 | ₹75.00 | annually | 2017-09-11 |
2016-08-31 | ₹35.00 | annually | 2016-10-08 |
2015-08-26 | ₹25.00 | annually | 2015-09-10 |
2014-08-27 | ₹12.00 | annually | 2014-10-04 |
2013-08-13 | ₹8.00 | annually | 2013-09-26 |
Maruti Suzuki India Dividend per year
Maruti Suzuki India Dividend growth
Maruti Suzuki India Dividend Yield
Maruti Suzuki India current trailing twelve-month (TTM) dividend yield is 1.13%. Interested in purchasing Maruti Suzuki India stock? Use our calculator to estimate your expected dividend yield:
Maruti Suzuki India Financial Ratios
Maruti Suzuki India Dividend FAQ
Other factors to consider when evaluating Maruti Suzuki India 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: Maruti Suzuki India'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, Maruti Suzuki India 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, Maruti Suzuki India 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 Maruti Suzuki India 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: Maruti Suzuki India 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, Maruti Suzuki India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Maruti Suzuki India 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 Maruti Suzuki India'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 Maruti Suzuki India'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.