Majestic Auto Limited Dividend 2024 Record Date, Share Price, History

News: Majestic Auto Limited, a prominent player in the automobile industry, has recently announced its dividend for the year 2024. In this article, we’ll delve into the details of Majestic Auto’s dividend, the record date, share price, and a brief historical overview.

Dividend Announcement

For the fiscal year ending March 2023, Majestic Auto declared an equity dividend of 75.00%, amounting to Rs 7.5 per share. This dividend reflects the company’s commitment to rewarding its shareholders.

Record Date

The record date for the dividend is 20th February 2024. If you own Majestic Auto shares on or before this date, you’ll be eligible to receive the dividend.

Share Price

As of 13th February 2024, Majestic Auto’s share price stands at Rs 12.50. Keep an eye on the stock market to stay informed about any fluctuations.

Historical Context

Majestic Auto has a rich history in the automotive sector. Established in [insert year], the company has consistently strived for excellence. Its commitment to quality, innovation, and customer satisfaction has contributed to its success over the years.

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About Majestic Auto Company

Majestic Auto Limited, a significant player in the automobile industry, has a fascinating history. Let’s explore this company:

1. Dividend Announcement

For the fiscal year ending March 2023, Majestic Auto declared an equity dividend of 75.00%, which translates to Rs 7.5 per share. This dividend underscores the company’s commitment to rewarding its shareholders.

2. Record Date

The record date for the dividend is 20th February 2024. If you own Majestic Auto shares on or before this date, you’ll be eligible to receive the dividend.

3. Share Price

As of 13th February 2024, Majestic Auto’s share price stands at Rs 12.50. Keep an eye on the stock market for any fluctuations.

4. Historical Context

Majestic Auto has a rich legacy in the automotive sector. Established in the early 80s, it was the largest producer of Mopeds in India. Additionally, the company manufactured Automobile & Electrical components until 2017.

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