Source: The Economic Times
On Tuesday, BSE Ltd. shares soared 4.4% to ₹7,265 intraday high on the NSE, as investors clamored to establish eligibility for the company’s final dividend of ₹23 per share. The surge came on the back of BSE announcing a special dividend to mark its 150th anniversary.
Dividend Information and Record Date
The company’s board which met on May 6, have recommended a final dividend at ₹23/- per equity share, consisting of regular dividend of ₹18 and special dividend of ₹5. The record date is scheduled for Wednesday, May 14 and T+1 is the last day to trade shares to receive the dividend in the T+1 settlement cycle. The dividend payment is expected to happen on or before September 18th.
Concept of the record date:
The record date establishes which shareholders are entitled to participate in corporate actions, such as dividend payments. Because of T+1, investors must purchase shares no later than the day prior to the record date. If the ex-date and the record date are coinciding dates (as often is the case), the last trading date is of utmost importance.
BSE’s Performance at a Glance
According to Trendlyne, BSE declared an equity dividend of ₹15 in the preceding year which translates to a dividend yield of 0.21% based on the last market price of ₹7,222.50.
The stock has delivered exceptional returns:
- 172.96% gain in one year
- 54.62% gain in six months
- 35.07% gain in three months
- 28.15% gain in one month
“This is to inform that the Board of Directors of BSE Limited (“the Company”) at its meeting held on Tuesday, May 6, 2025 (i.e., today), inter-alia, considered and approved the following: Recommended payment of a special dividend of Rs 5/- to commemorate the 150th year of BSE Limited and a payment of Rs 18/- as a regular dividend resulting into a final dividend of Rs 23/- per equity share of face value of Rs 2 each,” the company said in an exchange filing.
Market Sentiment
The dividend declaration along with the consistent stock performance provided a great comfort to investors. Market participants are keeping a close watch on the exchange as it continues to reward its shareholders and celebrate its historic moments.
Disclaimer: Opinions and investment recommendations in the article are those of analysts and do not reflect the opinions of Business Outreach magazine.
