The Board of Directors of TVS Motor Company Limited held its meeting on 24th March 2021. It has declared a Second Interim Dividend of Rs 1.4 per equity share for year ending 31st March 2021. The Board meeting commenced on 5.15 P.M. and concluded at 5.55 P.M.
TVS Motor Company Quarterly Result
The company had reported reported its highest ever net profit at Rs 266 crore during the October-December quarter of the ongoing financial year on strong growth in two-wheeler sales. The net profit more than doubled from Rs 121 crore reported in the corresponding quarter of previous year. The standalone revenue rose 31 per cent to a record 5,404 crore.
Similar Posts
- Easy Trip Planners Declares Interim Dividend of Rs 2
- Muthoot Finance Declares Interim Dividend of Rs 20
TVS Motor Company Dividend Record Date
The company in its letter informed the exchanges that it has fixed April 2, 2021 as the Record date. Consequently, the declared dividend will be paid to those members who hold shares in physical form or in electronic form and whose names appear in the Register of Members of the Company on April 2, 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 – 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:
At the meeting of the board of directors of the Company held today, the board declared a second interim dividend, for the financial year ending 31st March 2021, at the rate of Rs. 1.40 per share (140%) on 47,50,87,114 equity shares of Re.1/- each fully paid up, absorbing a sum of Rs. 66.51 Cr. The second interim dividend declared will be paid on or after 9th April 2021.
Important Dates
- Company – TVS Motor Company
- Script Name – TVSMOTOR (NSE) and 532343 (BSE)
- Dividend Amount – 1.4 Rs Per Share
- Dividend Type – Interim (2nd)
- Ex-Dividend Date – 30 March 2021
- Record Date – 02 April 2021
- Payment Date – On or after 9th April 2021
Also, you can find more information about TVS Motor Company Limited on National Stock Exchange and Moneycontrol – TVS Motor Company Limited is an Indian multinational motorcycle company headquartered at Chennai, India. It is the third largest motorcycle company in India with a revenue of over ₹20,000 crore.
