The Board of Directors of Bajaj Finance Limited (BAJFINANCE) at its meeting held on Tuesday, i.e. 27 April 2021 has recommended final dividend of Rs 10 per equity share for the financial year ended 31 March 2021. The meeting commenced at 2:15 p.m and concluded at 5:15 p.m.
Bajaj Finance Limited Quarterly Result
NBFC Bajaj Finance reported a 42% year-on-year (YoY) increase in the March quarter profit at Rs 1,347 crore on April 27, supported by a decline in the loan loss provisions. Net interest income declined half a percent to Rs 4,659 crore from Rs 4,684 crore in Q4 FY20. The numbers were ahead of analysts’ expectations.
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Bajaj Finance Limited Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 9 July 2021 as the Record date. Payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on Thursday, 9 July 2021.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – In other words, if you buy shares on ex-dividend date, you will not be eligible to receive dividend. So, Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Moreover, Here is the copy of statement, the company has sent to the exchanges:
This is to inform you that the Meeting of Board of Directors, held today, i.e. 27 April 2021 has following results: A dividend of Rs. 10 per share (500%) of the face value of Rs. 2 each on equity shares of the Company has been recommended by the Board of Directors for the FY ended 31 March 2021. The said dividend, if declared, by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on 24 July 2021 and/or 26 July 2021.
Important Dates
- Company – Bajaj Finance Limited
- Script Name – BAJFINANCE (NSE) and 500034 (BSE)
- Dividend Amount – 10 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 8 July 2021
- Record Date – 9 July 2021
- Payment Date – 26 July 2021
You can find more information about Bajaj Finance Limited on National Stock Exchange and Moneycontrol – Bajaj Finance, a subsidiary of Bajaj Finserv, is an Indian non-banking financial company (NBFC) which deals in consumer finance, SME (small and medium-sized enterprises) and commercial lending, and wealth management.
