Bajaj Group Dividend Alert: Last Chance to Grab Payouts Worth ₹138

Investors looking to capitalize on dividend payouts from the powerhouse Bajaj Group face a critical deadline today. Three major entities—Bajaj Finance, Bajaj Finserv, and Bajaj Holdings and Investment—have set June 30 as the record date, offering cumulative dividends that reach as high as ₹138 per share.

Understanding the Deadline and T+1 Settlement

With June 30 fixed as the record date, today marks the final opportunity for investors to purchase these shares to ensure eligibility. Under SEBI’s current T+1 settlement cycle, shares must be purchased at least one trading day before the record date to ensure they are credited to a shareholder's demat account in time. Missing today's trading window means investors will not be eligible for the upcoming corporate actions.

Bajaj Holdings Leads with Massive ₹130 Payout

Among the three companies, Bajaj Holdings and Investment stands out with the most significant dividend announcement. The company has declared a total payout of ₹130 per share. This includes a substantial special dividend of ₹50 per share alongside a final dividend of ₹80 per share. Having declared 33 dividends since June 2001, the company currently maintains a dividend yield of 0.61%.

Bajaj Finance and Bajaj Finserv Dividend Details

Bajaj Finance and Bajaj Finserv are also rewarding their shareholders with specific payouts:

  • Bajaj Finance: The company has recommended a final dividend of ₹6 per share (face value Re 1). Notably, this includes a special payout of ₹0.60 per equity share derived from the exceptional gains made during the sale of Bajaj Housing Finance Limited (BHFL) shares. These dividends are expected to be credited on or after August 3.
  • Bajaj Finserv: The company has recommended a dividend of ₹1.50 per share. This amount includes a 20% special payout to celebrate the centenary of the Bajaj Group. The company's total dividend payout has seen a significant jump to ₹240 crore, compared to ₹160 crore in the previous year.

Other Market Dividend Updates

While the Bajaj Group dominates the headlines, other companies have also fixed Tuesday as their record date. Maharashtra Scooters has announced a dividend of ₹60 per share, and Welspun Corp has set a payout of ₹5 per share. Investors monitoring these corporate actions should ensure their holdings are settled before the record date to participate in these distributions.

Key Takeaways

  • Final Opportunity: Today is the last day to buy Bajaj Group stocks (Finance, Finserv, and Holdings) to qualify for dividends due to the T+1 settlement rule and the June 30 record date.
  • High Value Payouts: Bajaj Holdings and Investment offers the highest per-share dividend at ₹130, while Bajaj Finance includes a special component from BHFL share sale gains.
  • Strategic Timing: Bajaj Finance dividends are slated for credit on or after August 3, marking a continued trend of shareholder returns for the NBFC giant.