What would you do if someone handed you 14 times the value of what you invested? That is exactly what Schaeffler India is offering its shareholders, an eye-popping 1400% final dividend for the financial year. For every share with a face value of Rs 2, investors are set to receive Rs 28 as dividend.
If you are wondering why this matters or what to do next, here is everything you should know about this bumper payout.
Schaeffler India dividend: The big Rs 28 payout
Schaeffler India, a well-known name in the auto components industry, has proposed a final dividend of Rs 28 per share for FY24. This translates to a whopping 1400% dividend for the financial year ending December 2024.
Schaeffler India dividend: Deadline to qualify – April 23
To be eligible for this dividend, you must own Schaeffler India shares on or before April 23, 2025. That is the record date.
Schaeffler India dividend: When will the money arrive?
The dividend will be disbursed within 30 days of the company’s Annual General Meeting (AGM), scheduled on April 23, 2025. So if it gets approved (which it likely will), shareholders can expect the payout to land in their accounts by May 23, 2025.
Schaeffler India dividend history
This is not the first time Schaeffler India has announced dividends. The company has steadily increased its dividend payouts in recent years which include Rs 24 per share in 2023, Rs 26 in 2024, and now Rs 28 in 2025.
Schaeffler India stock performance
The share price of Schaeffler India is currently trading at Rs 3,153.20, gaining 4% today. Over the past five days, it is up 5%. But zoom out a bit, and the picture changes. The share of the company was down 7% in a month, 21% over six months, and 9% year-to-date.