AUTO STOCK: RS 6.50 DIVIDEND PER SHARE ANNOUNCED

Bharat Forge, known for offering lucrative dividends, has announced a reward for its shareholders. Bharat Forge has announced that its board has recommended a whopping 325 per cent dividend for the financial year ended March 31, 2024. The next dividend will be paid to shareholders, subject to their eligibility on the record date.

The company also announced its financial results for the quarter and year ended on March 31, 2024.

Bharat Forge Dividend Amount 2024

Bharat Forge, in an exchange filing, has said that the company’s board of directors at their meeting held today on Wednesday, May 08, 2024, have recommended a final dividend of Rs 6.50 per equity share of the face value of Rs 2/- each for the financial year ended March 31, 2024. The said dividend payment, however, remains to be approved by the Members of the Company at the ensuing Annual General Meeting.

“Recommended a final dividend of Rs. 6.50 per equity share of the face value of Rs. 2/- each (at the rate of 325 percent) for the financial year ended March 31, 2024, subject to the approval of the Members of the Company at the ensuing Annual General Meeting. The final dividend for the financial year ended March 31, 2024,” said the company in a regulatory filing on the BSE.

Bharat Forge Dividend Payment Date 2024

Bharat Forge, in the exchange filing, has said that, if approved by members, it will be paid on or after August 14, 2024.

About Bharat Forge

Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including Automobiles (across Commercial & Passenger Vehicle), Oil & Gas, Aerospace, Locomotives, Marine, Energy (across renewable and non-renewable sources), Construction, Mining, and General Engineering.

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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-05-08T08:02:50Z dg43tfdfdgfd