If you are also looking for dividend giving stocks in the stock market, then there is good news for you. In the stock market today i.e. on January 3, 2023, the shares of Shriram Finance Limited are trading as Ex-Dividend. The company will give a dividend of 150 percent on one share to its qualified investors. Let us tell you, today i.e. on Tuesday morning, the shares of the company were trading at Rs 1371.80 after falling by 1.1 per cent on BSE.
15 rupees will be beneficial
Any investor whose name will remain in the company’s record book till January 4 will get a profit of Rs 15 per share. Shriram Finance has fixed the record date for this dividend as January 4, 2023. But the company is trading as ex-dividend today itself due to being in the T+2 settlement group. Let us inform, the market cap of the company is Rs 51,242.24 crore.
Any investor holding shares of Shriram Finance till the record date will be paid the dividend on or before Wednesday, January 19, 2023.
How is the company’s performance in the stock market?
During the last one month, the company’s share prices have seen a rise of more than 5 percent. A year ago, the share price of this finance company was Rs 1253.2. Which has now increased to Rs 1371.80. That is, in this one year, a growth of 9.4 percent has been seen in the shares of the company. Let us inform, the company’s 15 week high is Rs 1,509.25.