Bajaj Group stocks turn ex-dividend, Bajaj Auto down 2%

Shares of Bajaj Group companies such as Bajaj Auto, Bajaj Finserv, Bajaj Holdings and Investment and Bajaj Finance are trading lower by 1-4% on turning ex-dividend today.

The register of members & share transfer books of Bajaj Auto and Bajaj Holdings and Investment will remain closed from July 07, 2012 to July 18, 2012, and of Bajaj Finserv and Bajaj Finance from July 07, 2012 to July 17, 2012 (both days inclusive) for the purpose of payment of dividend and AGM, according to information filed by these companies to the stock exchanges.

India’s second largest two-wheeler maker Bajaj Auto is trading lower by 2% at Rs 1,550 on the Bombay Stock Exchange (BSE). The stock has opened at Rs 1,552 and hit a low of Rs 1,543 so far.

 

The board of Bajaj Auto at its meeting held on May 17, 2012 has recommended a dividend of Rs 45 per share (450%) for the financial year 2011-12.

Bajaj Finance, Bajaj Holdings and Investment and Bajaj Finserv are trading down by 2-4% on the BSE.

Bajaj Finance has recommended dividend of Rs 12 per share (120%), Bajaj Holdings and Investment declared a dividend of Rs 25 per share (250%), while Bajaj Finserv announced a dividend of Rs 1.50 per share (30%) for the fiscal 2011-12