Bosch Ltd, a stalwart in the stock markets, has declared a dividend of Rs 205 per share, bringing good news to investors who favor dividend-paying stocks. The company is currently trading ex-dividend, and the record date for this dividend has been set as February 23, 2023, providing investors with an opportunity to benefit from this lucrative distribution.
Record Date and Eligibility: Investors holding Bosch Ltd shares as of today, February 23, 2023, will be eligible to receive the declared dividend. The record date serves as the company’s benchmark to identify shareholders entitled to the dividend, ensuring a fair and transparent distribution process.
A Legacy of Dividend Distribution: Bosch Ltd has a rich history of rewarding its investors with substantial dividends. In 2023, the company disbursed dividends totaling Rs 480 per share in two installments. The tradition of dividend distribution dates back to April 21, 2001, when Bosch Ltd first traded as an ex-dividend stock, distributing Rs 31 per share among eligible investors.
Market Performance and Returns: On Thursday, Bosch Ltd’s share price closed at Rs 28,465.15, marking a 1.41% increase. Over the past year, the company has delivered impressive returns of over 55% to its positional investors. Within just a month, Bosch Ltd’s share price has surged by 25%, showcasing its robust performance in the stock markets.
The company’s 52-week high stands at Rs 29,199.95 per share, while the 52-week low level is Rs 17,490.90 per share. With a market capitalization of Rs 83,954.97 crore, Bosch Ltd continues to exhibit strength and resilience in the dynamic stock market landscape.
