Dividend Stock: Samvardhana Motherson announces interim dividend of ₹0.50 for FY25; Record date fixed | Stock Market News
Source: Live Mint
Dividend Stock: Automobile parts manufacturer Samvardhana Motherson International Ltd announced an interim dividend for the current fiscal 2024-25 (FY25) on Friday, March 21, and fixed the record date for the payment of the same declared by the company’s board of directors. Shares of the auto large-cap stock have rallied seven per cent in the last five market sessions.
Samvardhana Motherson’s share price opened in the green at ₹130.40 129.99 apiece on the BSE and touched an intraday high of ₹132.85 apiece within a few minutes of the Opening Bell. Shares settled 2.18 per cent higher at ₹131.45 apiece on the BSE. The company commands a market cap of ₹92,489.18 crore.
Samvardhana Motherson Dividend 2025
Informing the stock exchanges about the board meeting schedule and its agenda, the company said, “This is to inform that a meeting of the Board of Directors of the company is scheduled to be held on Friday, March 21, 2025, at shorter notice, inter-alia, to consider declaration of interim dividend to the equity shareholders of the Company for the financial year 2024-25.”
Samvardhana Motherson dividend history
If declared, this will be the company’s first dividend announcement in FY25. Prior to this, the dividend stock traded ex-dividend on 14 August 2024 to finalise the list of beneficiary shareholders and pay a final dividend of ₹0.80 per share.
