Bajaj Finance Dividend History

Bajaj finance Dividend History

Bajaj Finance is an Indian Financial company and part of Bajaj Holdings & Investment Limited that was founded in May 2007 by Jamnalal Bajaj. Bajaj Finance headquarter is in Pune, Maharashtra, India.

Bajaj Finance’s key products include Insurance, credit cards, mutual fund, mortgage loans, investment management.

A dividend is a small form of payment given out of the profits to shareholders of a company as a form of gratitude. They are nowadays considered an important test to see the company’s strength and determine the enterprise as a stable corporation. 

They have even become a form of secondary income for investors that want a maximum return from their portfolio. This article will cover everything you need to know about dividends before buying shares of a company.

Bajaj Finance Dividend History

Announcement DateDividend (Rs)Dividend TypeDividend (%)Ex-Date
April 27, 202110Final500July 8, 2021
February 24, 202010Interim500March 3, 2020
May 16, 20196Final300July 11, 2019
May 17, 20184Final200July 5, 2018
May 17, 20173.6Final180July 6, 2017
May 24, 20167Final70July 14, 2016
March 2, 201618Interim180March 16, 2016
May 20, 201518Final180July 9, 2015
May 14, 201416Final160July 3, 2014
May 15, 201315Final150July 4, 2013
May 16, 201212Final120July 5, 2012
May 17, 201110Final100June 29, 2011
May 13, 20106Final60July 8, 2010
May 20, 20092Final20June 29, 2009
May 21, 20081Final10June 27, 2008
May 16, 20073Final30June 28, 2007
May 19, 20064Final40June 29, 2006
May 12, 20057.5Final75June 29, 2005
June 15, 20046Final60July 15, 2004
May 13, 20034.5Final45July 10, 2003
May 13, 20020Final45July 10, 2002
June 5, 2001FinalJune 29, 2001

For the last 10 years, Bajaj Finance is given dividends every year. Bajaj Finance has a good track record of giving dividends.

Is Dividend Good for the Company?

Yes, a dividend is good for the company because it makes it more attractive to the shareholders. The return of profits can be seen as a thank you note for the investors to trust the company. Dividends are a strong sign that the company’s balance sheet is strong and positive. 

Companies that pay dividends with consistent returns tend to be highly valued stocks with high market share rates. High stock price means larger market capitalization, and the company has a larger credit score to take on debt.

Who is Eligible for a Dividend?

Any shareholder owns a company’s stock for more than one business day before the ex-date dividends are paid out.

How do Dividends Get Paid?

Dividends are paid to the shareholder through a cheque that the shareholder can encash. A shareholder can also apply to receive the dividends in the form of additional company stocks. The stock-based Dividend is called a DRIP (Dividend Return Investment Plans) and is considered an additional investment. 

Why do Companies not Pay Dividends?

Small companies or startups do not pay dividends to their shareholders because they tend to be growing firms. They need many investments to fuel the expansion and become bigger as a company. Only highly well-established companies with no need for investment for future expansion tend to pay dividends.

What is the Dividend Announcement Date?

The company management comes together to announce when the company will pay dividends to the shareholders. The data then has to be approved by the shareholders before encashing their dividend cheques.

Types of Dividend

There are three types of Dividends that shareholders can receive-

  • Cash Dividends: You can receive these in the electronic transfer or the form of a cheque.
  • Property Dividends: A shareholder can receive one of the company’s assets as a form of property dividends.
  • Stock Dividends: These are additional stocks issued to the shareholder as a form of dividend return.

What is the Ex-Date of the Dividend?

The ex-date of the Dividend refers to the specific date before which a new shareholder must apply for a Dividend. If the shareholder buys the stock on the day or the ex-date of the Dividend, the seller will get a dividend. It is essentially a deadline for the new shareholders to come on board to get a dividend.