The Board of Directors of Schaeffler India Ltd at its meeting held on February 16, 2021, has declared Dividend of Rs 38 per equity share. The Board meeting commenced on 02:30 p.m. and concluded at 07:45 p.m.
Schaeffler India Ltd Quarterly Result
Quarterly Net Profit at Rs. 141.62 crore in December 2020 up 67.5% from Rs. 84.55 crore in December 2019. Net Sales at Rs 1,273.77 crore in December 2020 up 22.9% from Rs. 1,036.47 crore in December 2019. Schaeffler Ind EPS has increased to Rs. 45.30 in December 2020 from Rs. 27.00 in December 2019.
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Schaeffler India Ltd Dividend Record Date
The company has fixed April 20, 2021 as the Record date, in its letter it informed to the exchanges. Consequently, the declared dividend will be paid to those shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares determined with reference to the Record Date.
To receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. 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 Board of Directors of the Company at its meeting held today has inter alia recommended a Dividend of Rs. 38/- per Equity Share of face value of Rs. 10/- each. The Dividend for the year ended December 31, 2020 if declared by the Shareholders at the ensuing AGM shall be paid within 30 days from the date of AGM.
Important Dates
- Company – Schaeffler India Ltd
- Script Name – SCHAEFFLER (NSE) and 505790 (BSE)
- Dividend Amount – 38 Rs Per Share
- Dividend Type – Normal
- Ex-Dividend Date – 19 April 2021
- Record Date – 20 April 2021
- Payment Date – 30 days from the date of AGM.
Also, you can find more information about SBI Life Insurance Company Limited on National Stock Exchange and Moneycontrol – Schaeffler Group is a German manufacturer of rolling element bearings for automotive, aerospace and industrial uses. It was founded in 1946 by brothers Dr. Wilhelm and Dr. Ing. E. h. Georg Schaeffler.
