Bajaj Auto (BAJAJ-AUTO.NS) Dividends
Market Cap: $2.26T
Avg Volume: 416.29K
Industry: Auto - Manufacturers
Sector: Consumer Cyclical
Dividend Overview
Bajaj Auto (BAJAJ-AUTO.NS) pays a annual dividend to its shareholders. The current dividend yield is 0.80%, which means that for every $100 invested at the current price, investors would receive approximately $0.80 in dividends per year (this can change based on future dividend payments and price movements).
About BAJAJ-AUTO.NS's Dividend
Bajaj Auto pays a annual dividend. The total annual dividend is approximately $80.00 per share, meaning for each share you own, you'll receive about $80.00 in dividends over the course of a year.
The most recent ex-dividend date was June 14, 2024. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Bajaj Auto's payout ratio is 0.51% which means that 0.51% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
Bajaj Auto's dividend has grown by 0.02% over the past year. A positive growth rate can be a sign of the company's confidence in its future earnings.
BAJAJ-AUTO.NS Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $80 | 0.80% | June 14, 2024 | June 14, 2024 | August 15, 2024 | |
| $140 | 2.98% | June 30, 2023 | June 30, 2023 | August 24, 2023 | |
| $140 | 3.78% | June 30, 2022 | July 01, 2022 | July 30, 2022 | |
| $140 | 3.43% | July 08, 2021 | July 09, 2021 | July 27, 2021 | |
| $120 | 4.46% | March 03, 2020 | March 04, 2020 | March 09, 2020 | |
| $60 | 2.21% | July 11, 2019 | July 12, 2019 | July 31, 2019 | |
| $60 | 2.02% | July 05, 2018 | July 06, 2018 | July 25, 2018 | |
| $55 | 2.02% | July 06, 2017 | July 07, 2017 | July 25, 2017 | |
| $5 | 2.06% | July 14, 2016 | |||
| $50 | 2.22% | March 16, 2016 | |||
| $50 | 1.99% | July 09, 2015 | |||
| $50 | 2.17% | July 03, 2014 | |||
| $45 | 2.40% | July 04, 2013 | |||
| $45 | 2.89% | July 05, 2012 | |||
| $40 | 2.85% | June 29, 2011 | |||
| $40 | 1.67% | July 08, 2010 | |||
| $22 | 2.25% | July 02, 2009 | |||
| $20 | 4.41% | June 27, 2008 |
Dividend Growth
Bajaj Auto (BAJAJ-AUTO.NS) dividend payments have grown 2.14% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for BAJAJ-AUTO.NS
- Dividend Payout Ratio: 0.51% Low risk
- Dividend & Capex Coverage Ratio: 1.41x Adequate coverage
- Dividend Frequency: Annual
- Recent Dividend Growth: 0.02% Positive
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Bajaj Auto's payout ratio is 0.51% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 1.41x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio above 1.0x indicates Bajaj Auto can cover its dividends and necessary investments from its operating cash flow, but has limited cushion.
Bajaj Auto's dividend growth rate of 0.02% is positive but modest, indicating steady but cautious dividend policies.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.