Bajaj Finance Dividend: Last Day To Buy Shares To Qualify — Details Here
Thursday marks the last session for investors to buy shares of Bajaj Finance Ltd., to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Bajaj Finance's board announced a final dividend of Rs 44 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as May 30.
The dividend will be paid on and from July 28 to those shareholders whose names appear in the register of members of the company as on the record date.
Together, with the special dividend of Rs 12 declared by the board on May 9, the total dividend for the financial year 2025 would be Rs 56 per share.
In comparison, the company had issued a final dividend of Rs 36 apiece on June 21, 2024 and a final dividend of Rs 30 on June 30, 2023.
Given India's T+1 settlement cycle, shares purchased on the record date (May 30 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by May 29 will be the beneficiaries.
Bajaj Finance Q4 Performance
Bajaj Finance reported a 16% increase in its consolidated net profit for the March quarter, falling short of analysts' expectations.
The non-banking financial company recorded a net profit of Rs 3,940 crore during the period. This was below the Rs 4,230 crore profit estimated by Bloomberg analysts.
Meanwhile, the net interest income for the March quarter rose by 21% to Rs 8,910 crore, compared to Rs 7,340 crore in the same quarter last year.
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