Dividend Stocks in Focus Today: Schaeffler India and CIE Automotive to Trade Ex-Dividend on April 23

Schaeffler India Ltd and CIE Automotive India Ltd will be trading ex-dividend today, April 23, 2025. This means today is the record date for identifying shareholders eligible to receive the dividend payout. Investors who wanted to receive the dividend needed to purchase shares on or before April 22, following the T+1 settlement system.

Understanding the Record Date

The record date is used to identify shareholders who qualify for the dividend. Only those who owned the shares before this date will be eligible to receive the payout after AGM approval.

Read More, Mahindra Finance Shares in Focus: PAT Slipped 32% YoY, Proposed Final Dividend of ₹6.50.

Dividend Announcement by Schaeffler India

Schaeffler India has recommended a dividend of ₹28 per equity share of face value ₹2 each for the financial year ending December 31, 2024. The company confirmed that the dividend, if approved at the AGM (Annual General Meeting) scheduled for April 30, 2025, will be paid within 30 days from the date of the AGM. The company had announced the record date for this dividend as April 23, 2025.

Dividend Declaration by CIE Automotive India

CIE Automotive India has proposed a final dividend of ₹7 per equity share of face value ₹10 for the year ended December 31, 2024. The board recommended this dividend on February 20, 2025. Shareholders whose names appear in the records as of April 23, 2025, will be eligible for the payout, which will be made within 30 days after the AGM on April 30, 2025.

Conclusion

Shareholders of Schaeffler India and CIE Automotive who bought shares before April 23 will qualify for the upcoming dividend payouts. Both companies have confirmed that the dividends will be disbursed within a month following shareholder approval at their respective AGMs.

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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