Sundaram Finance Limited Dividend 2024 Record Date, Share Price, History

News: Sundaram Finance Limited, a prominent non-banking financial company (NBFC), has recently made headlines with its generous dividend announcement. In this article, we’ll delve into the details of this dividend, explore the company’s history, and understand its impact on shareholders.

Dividend Details

• Record Date: The record date for the dividend is February 16, 2024.
• Dividend Payout: Sundaram Finance has declared an impressive 140% dividend on each stock. This means that for every share you own, you’ll receive a dividend equivalent to 140% of its face value.

Sundaram Finance: A Brief Overview

• Sundaram Finance Limited, founded in 1954, has a strong foothold in the financial sector.
• It specializes in providing vehicle financing solutions, including loans for commercial vehicles, passenger cars, and construction equipment.
• The company has consistently rewarded its shareholders with dividends over the past five years.

Share Price Movement

• The announcement of the hefty dividend has had a positive impact on Sundaram Finance’s share price.
• Investors and traders should take note of the ex-date, which is the date when the stock starts trading without the dividend entitlement. In this case, it’s today, February 14, 2024.
• Sundaram Finance’s dividend yield currently stands at 0.76%.

Subscribe to Sarkari Result to stay informed. Get the latest celebrity news and detailed movie reviews in real-time. Keep up with the constantly changing world of entertainment with Sarkari Exam.

About Sundaram Finance Limited Company

Sundaram Finance Limited, headquartered in Chennai, India, is a well-established financial and investment service provider. Let’s explore some key aspects of this company:

Overview

• Founding Year: Sundaram Finance Limited was founded in 1954.
• Business Spectrum: The company offers a wide range of financial services, including:
  • Consumer Loans: Providing loans to individuals for various purposes.
  • Wealth Management: Assisting clients in managing their financial assets.
  • Commercial Finance: Supporting businesses with financing solutions.
  • Investment Banking: Engaging in investment-related activities.
  • Private Equity: Investing in non-publicly traded companies.
  • Treasury Advisory: Offering expert advice on treasury management.
  • Credit Cards: Facilitating convenient payment options.
  • Infrastructure Finance: Funding infrastructure projects.

Key Features

1. Deposits:
   • Sundaram Finance provides fixed deposits with attractive interest rates.
   • These deposits cater to a wide spectrum of investors.
2. Investment Offerings:
   • The company’s investment services include:
     • Wealth Services: Assisting clients in growing their wealth.
     • Mutual Funds: Offering investment opportunities in diversified portfolios.
     • Life Insurance: Providing financial security through insurance products.

Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.