Schaeffler India Declares ₹28 Dividend Per Share – Record Date April 23!

Schaeffler India has announced a ₹28 dividend per share (1400%) on a ₹2 face value stock, with the record date set for April 23, 2025. The dividend payment is subject to shareholder approval at the AGM, and if approved, will be distributed before May 23, 2025. The company, which specializes in high-precision components for automotive and industrial applications, has a market capitalization of ₹52,292.96 crore. In terms of dividend history, Schaeffler India paid ₹26 per share in 2023, ₹24 in 2022, and ₹16 post a 5:1 stock split in 2022.

The stock closed at ₹3,360 on Thursday and has a dividend yield of 0.83%. Performance-wise, the stock is down 4% YTD, but has delivered +21% in 1 year, +83% in 3 years, and +292% in 5 years. As a BSE 200-listed company, Schaeffler India remains a strong performer. Disclaimer: This information is for educational purposes only; consult a financial advisor before investing.

Schaeffler India Declares ₹28 Dividend Per Share – Record Date April 23!

Schaeffler India Limited, a company listed on the BSE 200 index, has recently announced a final dividend of ₹28 per share for its shareholders. This dividend represents a 1400% payout on each share, considering the ₹2 face value per share. The company has set April 23, 2025, as the record date, meaning shareholders who own the stock by this date will be eligible to receive the dividend.

Key Highlights:

• Company Name: Schaeffler India Ltd
• Dividend Per Share: ₹28
• Face Value of Each Share: ₹2
• Record Date: April 23, 2025
• Approval Requirement: The dividend proposal must be approved by shareholders at the upcoming Annual General Meeting (AGM).
• Dividend Payment: If approved, the dividend will be paid within 30 days of the AGM, likely by May 23, 2025.

Schaeffler India is a leading manufacturer of precision components for the automotive and industrial sectors. With a market capitalization of ₹52,292.96 crore, the company holds a strong position in its industry. This dividend announcement reflects its commitment to rewarding shareholders.

Dividend History:

Schaeffler India has a consistent track record of paying dividends. In 2024, the company declared a ₹28 per share dividend, slightly higher than the ₹26 per share paid in 2023. In 2022, it paid ₹16 per share, following a 5:1 stock split. This steady increase in dividends demonstrates the company’s financial stability and growth over the years.

Stock Performance:

Despite the positive dividend announcement, Schaeffler India’s stock has shown mixed performance recently. Year-to-date (YTD), the stock is down by 4%. However, over the past year, it has delivered a 21% return. Long-term performance is even more impressive, with an 83% return over three years and a 292% return over five years. This indicates that the company has been a strong performer in the stock market over the medium to long term.

As of Thursday, Schaeffler India’s stock closed at ₹3,360 per share. With the declared dividend of ₹28, the current dividend yield stands at 0.83%. While the yield may seem modest, it’s important to note that Schaeffler India is primarily a growth-oriented company, and its stock has significantly rewarded long-term investors.

What Does This Mean for Shareholders?

For existing shareholders, the dividend announcement is a positive development. Those who hold the stock by the record date (April 23, 2025) will be entitled to receive ₹28 per share. However, it’s important to remember that the dividend is subject to shareholder approval at the AGM. Once approved, the payment will be made within 30 days of the meeting.

For potential investors, Schaeffler India’s consistent dividend payments and strong stock performance make it an attractive option, especially for those seeking a balance between growth and income. However, it’s always advisable to consider the company’s overall financial health, market conditions, and future growth prospects before making any investment decisions.

Conclusion:

Schaeffler India’s announcement of a ₹28 per share dividend highlights its commitment to sharing profits with shareholders. With a strong track record of dividend payments and impressive long-term stock performance, the company remains a reliable choice for investors. Shareholders should mark April 23, 2025, as the record date to ensure eligibility for the dividend while keeping an eye on the AGM for final approval. For those considering investing in Schaeffler India, the company’s growth potential and consistent returns make it a noteworthy option in the market.