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Bosch Investors Alert: Board Meeting for Final Dividend Announcement

09 May 20232 mins read by Angel One
In fact, over the past 12 months, the company has declared an equity dividend of Rs 410 per share, making it a dividend champion stock.
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The stock of Bosch Ltd is trading down by 0.55% on Tuesday at Rs 19,206.05 on NSE. The stock opened at level of Rs 19,353.65 and made a high of Rs 19,030.05. The stock recently made a 52-week high of Rs 19,850.40 (May 02, 2023). In the subsequent trading session, the stock formed a Bear Sash Candlestick pattern on the daily time frame.   

Currently, the stock is hovering around its crucial support level, which is a confluence of 20-DMA and rising trendline which is formed by connecting subsequent swing lows from March. As long as the stock trades above the Rs 18,990, the stock is likely to witness a bounce back. Now, what could be the catalyst for the stock to bounce back from its support area is the fact that the stock is scheduled to announce its earnings on May 10, 2023. The Board is likely to recommended final dividend, if any for the financial year ending March 31, 2023.   

Investors, take note! The stock of an automobile and auto components company is making waves in the market, thanks to its history of recommending hefty dividends. At the current share price of Rs 19,353.65, the company’s dividend yield is an impressive 2.13%.  

In fact, over the past 12 months, the company has declared an equity dividend of Rs 410 per share, making it a dividend champion stock. The company has been consistently paying dividends since April 2001 and has declared an astounding 28 dividends till date. For investors looking for a reliable stock with a proven track record of paying dividends, this automobile and auto components company is a clear winner.   

Talking about the stock performance, company has almost doubled their shareholders’ investment in the last three years and on YTD basis the stock is up by 11.28% and in the last one-year the stock is up by 41.10%.   

In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end-to-end engineering and technology solutions.  

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