Latest news with #CIEAutomotiveIndia
Mint
23-04-2025
- Automotive
- Mint
Dividend Stocks: Schaeffler India, CIE Automotive in focus as shares to trade ex-date today
Dividend Stocks: Schaeffler India and CIE Automotive India share prices remain in focus on Wednesday as the stocks will trade ex-dividend today. The record date for identifying the list of eligible shareholders to receive the dividend payout is also fixed as today. The record date implies that the shareholders who wished to benefit from the dividend payout needed to buy Schaeffler India and CIE Automotive shares a day earlier for their names to appear in the list of eligible shareholders for receiving the dividend payout as per the T+1 settlement system. The names of the shareholders who purchased Schaeffler India and CIE Automotive shares on the day before the record date will be listed among those eligible to receive the dividend. Schaeffler India had recommended a dividend of ₹ 28 per equity share of face value of ₹ 2/- each. The dividend for the year ended December 31, 2024, if approved by the shareholders at the ensuing Annual General Meeting (AGM) shall be paid within 30 days from the date of the AGM to be held on 30 April, the company had said. Schaeffler India had fixed the record for identifying the list of members eligible for the payment of dividend as Wednesday, April 23, 2025. CIE Automotive India's Board of directors on February 20, 2025, had recommended the members, for their consideration and approval, a final dividend of ₹ 7 per Equity Share of face value of ₹ 10/- each for the financial year ended December 31, 2024. The record date for the dividend payout stands today. The dividend on the equity shares of the company, as recommended by the Board of Directors and as may be declared at the ensuing AGM, (on April 30 2024), will be paid within a period of 30 days from the date of the AGM to those Shareholders or their mandates, said the company.
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Business Standard
22-04-2025
- Automotive
- Business Standard
Dividend stocks: Schaeffler India, 2 others to remain in focus today
Shares of Schaeffler India, CIE Automotive India, and Elantas Beck India are expected to remain in focus today as they will turn ex-dividend tomorrow, Wednesday, April 23, following their announcements of dividend payouts for shareholders. A dividend, often considered a form of passive income for investors, is a portion of a company's earnings distributed to its shareholders, typically as a reward for their investment. Among them, Schaeffler India, an auto components and equipment manufacturer, has announced that its board has recommended a dividend of ₹28 per equity share of face value ₹2 each. However, this remains subject to approval at the Annual General Meeting (AGM) scheduled for April 30, 2025. The company has set April 23, 2025, as the record date to determine shareholders eligible for the dividend. If approved at the AGM, the dividend will be paid within 30 days from the date of the AGM, Schaeffler India said in an exchange filing. CIE Automotive India has informed the exchanges that its board has recommended a final dividend of ₹7 per equity share of face value ₹10 each for the financial year ended December 31, 2024. The company has also set April 23, 2025, as the record date to ascertain shareholder eligibility. "The dividend on the equity shares of the company for the year ended December 31, 2024, as recommended by the board of directors and as may be declared at the ensuing AGM, will be paid within a period of 30 days from the date of the AGM (scheduled on April 30, 2025) to those shareholders or their mandates," the company said in an exchange filing. Meanwhile, Elantas Beck India's board has recommended a final dividend of ₹7.50 per fully paid-up equity share of face value ₹10 each for the financial year ended December 31, 2024, subject to applicable tax deductions and approval by members at the sixty-ninth Annual General Meeting, also scheduled for April 30, 2025. The company has designated April 23, 2025, as the record date to determine eligible shareholders. The ex-dividend date and record date are two key milestones used to determine shareholders' eligibility for dividends. The ex-dividend date marks the day a stock begins trading without the right to receive the declared dividend, meaning investors must own the stock before this date to be eligible. The record date, on the other hand, is when companies finalise the list of eligible shareholders based on their records.
