Dividend News: TVS Motor Company, a Nifty Next 50 company, has announced a cash reward for its investors. TVS Motor Company on Tuesday (March 24) declared an interim dividend of 1200 per cent on each share of Re 1 face value. This translates into a dividend payout of Rs 12 per share.
For instance, if a person holds 1,000 shares of TVS Motor Company, he or she will receive Rs 12,000 as a dividend from the company. The dividend payment will, however, be subject to their eligibility of the record date.
In total, TVS Motor Company will pay a whopping dividend of Rs 570 crore to its shareholders.
"The Board of Directors of the Company at its meeting held today, declared an interim dividend of Rs 12 per share (1200%) on 47,50,87,114 equity shares of Re 1 each fully paid up, absorbing a sum of Rs 570 Cr, for the financial year ending 31st March 2026," TVS Motor Company said in a filing.
TVS Motor Company Dividend 2026 Record Date
TVS Motor Company has also fixed the record date for the payment of the interim dividend. As per the filing, TVS Motor Company has set March 31, 2026, as the record date.
"The interim dividend declared will be paid to those shareholders, who hold shares in physical form and / or in electronic form and whose names appear in the Register of Members and / or Depositories respectively, as at the close of working hours on 31st March 2026, being the Record Date fixed by the Company for this purpose," TVS Motor Company said in filing.
TVS Motor Company Dividend Payment Date
TVS Motor Company has also informed the shareholders about the payment timeline of interim dividend. TVS Motor Company said that a Rs 12 interim dividend will be paid to shareholders within 30 days from the declaration of the interim dividend.
"The dividend payment will be made within a period of 30 days from the declaration of interim dividend, as provided in the Companies Act, 2013," TVS Motor Company said.
TVS Motor Company share price closed 2 per cent higher at Rs 3481.65 on BSE during Tuesday's trading session (March 24).
