Ashok Leyland dividend record date, Ashok Leyland board meeting: Hinduja group flagship company Ashok Leyland’s board is slated to meet on Monday, March 25 to consider the proposal of an interim dividend on the equity shares of the company for the FY 2023-24.
“Board of Directors of the Company is scheduled to be held on Monday, March 25, 2024 to inter alia consider the proposal of interim dividend on the equity shares of the Company for the FY 2023-24,” the regulatory filing of Chennai-headquartered auto maker—which produces a range of commercial vehicles such as buses and trucks— stated dated March 20.
Dividend record date
The record date to determine the members eligible to receive interim dividend, if declared has been fixed as Wednesday, April 3.
Dividend history
Ashok Leyland has declared 22 dividends since June 18, 2001. Ashok Leyland has declared an equity dividend amounting to Rs 2.60 per share in the past 12 months, as per Trendlyne.
Dividend yield
At the current levels, Ashok Leyland’s dividend yield is 1.61 per cent.
Shares: Past performance
Ashok Leyland shares have gained nearly 20 per cent in the past year, underperforming a rally of nearly 29 per cent in the headline Nifty 50 index. It has grown over 80 per cent over a period of five years.
How did fare in Q3?
Company reported 61 per cent jump in net profit to Rs 580 crore for the December quarter, riding on robust sales. Auto maker’s revenue from operations rose to Rs 9,273 crore in the period under review from Rs 9,030 crore in the year-ago period.
