Schaeffler India Declares ₹28 Final Dividend, a 1400% Payout for FY24

Schaeffler India has surprised its shareholders with a huge final dividend announcement. The auto components giant is offering a ₹28 dividend per share, which is 1400% of the face value of ₹2. Here’s what investors need to know about this big payout:

₹28 Dividend Per Share for FY24

Schaeffler India has proposed a final dividend of ₹28 per share for the financial year ending December 2024. With a face value of ₹2, this translates to a massive 1400% dividend—a clear reflection of the company’s rewarding approach to its investors.

Read More India’s Diamond, Gold and Silver Jewellery Exports Decline in FY25.  

Record Date: April 23, 2025

To receive the dividend, investors must hold shares of Schaeffler India on or before April 23, 2025. This is the record date which determines who qualifies for the payout.

Dividend Payment Timeline

Once approved at the company’s Annual General Meeting (AGM) on April 23, 2025, the dividend will be credited to shareholders within 30 days—by May 23, 2025.

Consistent Dividend Growth

Schaeffler India has a strong history of rewarding shareholders. In recent years, it paid out:

• ₹24 per share in 2023

• ₹26 per share in 2024

• And now ₹28 in 2025

This consistent increase shows the company’s healthy financial performance and shareholder focus.

Recent Stock Performance

As of April 16, 2025, at 10:09 AM IST, Schaeffler India share price is trading at ₹3,186.20, up ₹48.60 or 1.55% for the day. The stock opened at ₹3,148.40 and has touched a high of ₹3,202.00 and a low of ₹3,132.80 so far. The company’s market capitalisation stands at ₹49,830 crore, with a price-to-earnings (P/E) ratio of 53.04 and a dividend yield of 0.88%. Over the past 52 weeks, the stock has reached a high of ₹4,951.00 and a low of ₹2,823.00.

Final Thoughts

This hefty dividend currently makes Schaeffler India one of the most attractive dividend-paying stocks. Long-term investors might see this as a positive signal, while new investors should consider the ex-date and market trends before jumping in.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.     

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