Bajaj Consumer Care Ltd Dividend 2024 Record Date, Share Price, History

News: Bajaj Consumer Limited, known for products like Bajaj Almond Drops Hair Oil, has declared a 300% dividend during its board meeting held on February 5, 2023. The record date for this dividend has been set, which means shareholders must take certain actions to benefit.

Let’s delve into the details of Bajaj Consumer Dividend 2024, including the record date, share performance, and company financials, to provide a comprehensive analysis.

Despite recent market slowdowns, Bajaj Consumer Share hasn’t performed well, closing today with a 1.2% decline. As of February 7, 2014, the share price stood at Rs 213.55.

Share Performance:

Bajaj Consumer Share hasn’t shown strong performance lately. Today, it saw a 1.2% decline, while over the past month, six months, and year, declines of 6.1%, 5.5%, and 26.5% respectively were recorded. While it showed a 18.6% return over two years, a 14% decline over five years indicates poor performance.

Dividend Announcement:

During the February 5, 2024 meeting, the Board of Directors approved a 300% interim dividend, translating to Rs 3 per share considering the face value of Rs 1. This means shareholders will receive Rs 3 per share as dividend.

Record Date:

The record date for Bajaj Consumer Care Limited Dividend is February 17, 2024. To benefit from the dividend, shareholders must hold shares in their demat account until this date.

How to Benefit:

Those interested in availing the dividend should ensure they hold shares in their demat account until February 17, 2024. Those planning to purchase shares should do so a few days before this date to ensure they hold shares on February 17 and qualify for the dividend.

Dividend History:

Bajaj Consumer Care has a history of issuing dividends. From 2020 to 2024, the company has issued dividends six times, with the current dividend being the seventh. Previous dividends ranged from Rs 2 to Rs 6.

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Business Overview:

Bajaj Consumer Care manufactures hair care, beauty, and personal care products, with brands like Bajaj Almond Drops Hair Oil and Nomarks. It operates in over 30 countries.

December Quarter Results:

The company reported a net revenue of Rs 230 crore in December 2022, Rs 235 crore in September 2023, and Rs 239 crore in December 2023. While the profit decreased slightly on a quarter-on-quarter basis, the overall financial results indicate stability, with a good Return on Equity (ROE) and dividend payout.

While Bajaj Consumer Care offers dividends, its share performance and sales growth in the last five years suggest caution for investors solely interested in dividends.

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