Dividend booster for Bajaj shareholders | Editorji
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Dividend booster for Bajaj shareholders

Mar 19, 2021 10:11 IST | By Editorji News Desk

Good news for Bajaj shareholders, the company has increased it's possible dividend payout ratio from 50% to 90% of profit. 

So as per the amended policy Bajaj Auto can declare a dividend up to 90% of the standalone profit if the surplus cash is higher than Rs 15,000 crore. In case the cash surplus is between Rs 7,500 crore and Rs 15,000 crore, the extent of dividend will be 70-90% of the profit.

India's largest two-wheeler maker by market value is currently the highest dividend payer in the sector close to 50% of standalone profit.