Shares of the leading supplier of technology and services Bosch (NS:BOSH) turned ex-dividend on Wednesday for a huge interim dividend amount. They were trading 0.73% lower at Rs 18,340 apiece at the time of writing.
The Board of Directors of Bosch declared an Interim Dividend of Rs 200/share for the financial year 2022-23, on a total of 29,493,640 equity shares of Rs 10 each, while releasing the earnings for the December quarter.
The company’s Board had fixed the record date for the Interim Dividend as Feb 22, stating that the corporate reward would be payable to shareholders whose names appear on the Register of Members of the company as on the record date.
The interim dividend shall be paid to eligible shareholders of the company on or after March 6, 2023.
The large-cap company is giving away an interim dividend to its shareholders majorly on account of a healthy turnover and strong liquidity situation in the third quarter of FY23.
Bosch’s net profit jumped 35.8% YoY in the December quarter to Rs 318.9 crore, and the total revenue from operations rose 17.7% YoY to Rs 3,659.9 crore.
