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Shriram Finance has announced the second quarter results for the current financial year. The company said in an exchange filing that the board has announced a dividend for investors. Along with the dividend, the company has also announced a stock split.
According to the exchange filing, the company will give a dividend of Rs 22 per share. Shriram Finance has never announced such a big dividend till now. The company has not yet announced the record date for this dividend.
If we look at the company's record regarding dividends, dividends have been declared for investors about 38 times. The company has been continuously giving dividends to investors since 2007.
Before the dividend being given with the second quarter results, the company had given a dividend of Rs 15 per share on 23 July 2024 and Rs 10 per share on 06 February 2024. In 2023, the company has given dividend thrice.
The company has informed in the exchange filing that it will split a share worth Rs 10 into five shares, whose value per share will be Rs 2. The company said that the record date for the split has not been decided yet, it will be informed in due time.
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