Dividend Stocks: There is good news for investors betting on shares of dividend paying companies. Bullet manufacturing company Eicher Motors Ltd has decided to give a dividend of 5100 percent. Let us know about this company in details.
Profit of Rs 51 on every share
The company has said in the information given to the stock markets that a dividend of 5100 percent will be given on a share with a face value of Re 1. That means qualified investors will get a profit of Rs 51 on each share. Dividend will be paid by the company to investors after the 42nd AGM.
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Company made profit of more than Rs 1000 crore
The commercial vehicle manufacturing company has also announced its quarterly results. The company had made a total net profit of Rs 1070.45 crore during January to March 2024. The company’s net profit has seen an increase of 18.2 percent on an annual basis. Let us tell you, in the same quarter a year ago, the company had made a net profit of Rs 905.58 crore.
How is the company performing in the stock market?
On Friday, the share price of Eicher Motors Limited was Rs 4657.65 after a rise of 1.98 percent. During the last one year, the share prices of this company have seen an increase of 36 percent. At the same time, investors who have been holding the stock for a month have got 8 percent profit so far.
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The company’s 52 week high level is Rs 4708.70 and 52 week low level is Rs 3159.20 per share. The market cap of the company is Rs 1,27,529.08 crore.
Eicher Limited was last traded in the stock market as an ex-dividend stock in the month of August last year. Then the company had given a dividend of Rs 37 on one share.
