Dividend News Update: There is nice information for the shareholders of Cummins India. The firm goes to offer sturdy income to its shareholders. The board of Cummins India has really useful 525 per cent dividend on every share. The face worth of Cummins India shares is Rs 2. Dividend of 525 p.c implies that for each share shareholders will get dividend of greater than Rs 10. The firm’s shares closed at Rs 1008 on the BSE on Monday. Its shares noticed a fall of about half a p.c at the moment.

In the final quarter of the final monetary 12 months, the corporate has registered a revenue of greater than Rs 189 crore. The firm’s whole revenue within the March 2022 quarter was Rs 1570 crore.

Dividend of greater than Rs 10 might be out there on each share

Cummins India has instructed within the data given to the inventory market that the board of administrators of the corporate has determined to pay a remaining dividend of 525 p.c on each share of face worth of Rs 2 for the monetary 12 months 2021-22 ended 31 March 2022. Dividend is really useful. This implies that a dividend of Rs 10.50 is to be paid on every share. Cummins India has set the ex-dividend date for the ultimate dividend as 2 August 2022 and the report date as 3 August 2022. For your data, allow us to let you know that solely those that purchase shares earlier than the X dividend date are given dividend. The firm had earlier declared an interim dividend of Rs 8 per share on February 10, 2022.

The firm’s shares have given a return of greater than 2100%

Shares of Cummins India have given buyers near 2170 p.c returns since inception. On January 1, 1999, the shares of Cummins India had been at a degree of Rs 44.43 on the National Stock Exchange. The firm’s shares closed at Rs 1008 on BSE on June 13, 2022. If an individual had invested Rs 1 lakh within the shares of Cummins India on January 1, 1999 and had retained his funding, then by now this cash would have change into Rs 22.69 lakh. Shares of Cummins India have given 7 per cent return up to now this 12 months. At the identical time, within the final one 12 months, the corporate’s shares have elevated the wealth of buyers by greater than 21 p.c.

Disclaimer: (The data supplied right here is for informational functions solely. It is vital to say right here that funding available in the market is topic to market dangers. Always seek the advice of an professional earlier than investing cash as an investor. ABPLive.com It isn’t suggested right here to take a position cash on anybody’s behalf.)

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