Record Date of ABB India Dividend set by Engineering Giant (April 29, 2024)
ABB India Ltd. (NSE: ABB), a leading engineering giant, has announced the record date for its upcoming dividend payout. Investors eyeing this attractive dividend opportunity need to mark their calendars for May 2nd, 2024. This is the crucial ex-dividend date, meaning that shares purchased on or after this date will not be eligible to receive the dividend.
Dividend Details: A Rewarding Final Payout
ABB India declared a final dividend of ₹23.80 per share for the financial year ending December 31st, 2023. This translates to a significant payout, especially considering the company’s historical dividend record. Here’s a breakdown of the key dates:
Record Date:
May 3rd, 2024
Ex-Dividend Date:
May 2nd, 2024
Payment Date (On or After):
May 24th, 2024
Eligibility for the Dividend: Understanding the Record Date
The record date serves as a crucial checkpoint for dividend eligibility. To receive the upcoming ₹23.80 per share dividend, your name must be registered as a shareholder in ABB India’s records by the close of business on May 3rd, 2024. Here’s a simplified explanation:
If you own ABB India shares before May 3rd: Congratulations! You’ll be eligible to receive the dividend payout on or after May 24th.
If you purchase ABB India shares on or after May 2nd: Unfortunately, you won’t be entitled to receive the dividend for this financial year. However, you’ll still be eligible for any future dividend payouts declared by the company, provided you hold the shares on the record date for those specific dividends.
ABB India’s Dividend History: A Track Record of Rewarding Shareholders
ABB India has a history of rewarding its shareholders with consistent dividends. Here’s a quick glimpse at their recent dividend payouts:
February 19th, 2024: Announcement of a final dividend of ₹23.80 per share for the year ending December 31st, 2023 (record date: May 3rd, 2024)
August 10th, 2023: Special dividend of ₹5.50 per share (ex-dividend date: August 24th, 2023)
February 9th, 2023: Regular dividend of ₹5.50 per share (ex-dividend date: April 26th, 2023)
Beyond the Dividend: Considerations for Investors
While the upcoming dividend is certainly an attractive incentive, it’s crucial for investors to consider a broader perspective before adding ABB India to their portfolio. Here are some additional factors to keep in mind:
- Company Performance: ABB India’s overall financial health, profitability, and future growth prospects should be evaluated. Analyzing their recent financial reports and business outlook can provide valuable insights.
Overall Portfolio - Diversification: Don’t chase dividends at the expense of a well-diversified portfolio. Ensure ABB India complements your existing holdings and doesn’t create excessive concentration within a specific sector.
- Market Volatility: The broader market environment can impact ABB India’s share price. Be prepared for potential short-term fluctuations alongside the long-term growth potential.
Final Thoughts: A Lucrative Opportunity for Income-Oriented Investors
The upcoming dividend payout from ABB India presents a compelling opportunity for investors seeking a reliable source of income. However, remember that a comprehensive investment strategy goes beyond just the dividend yield. Consider the company’s fundamentals, future outlook, and overall portfolio fit before making an investment decision.
Stay Updated with ABB India:
For more information about ABB India’s dividend payout and other company updates, you can visit the following resources:
ABB India Investor Relations: https://new.abb.com/indian-subcontinent/investors
NSE India: https://www.nseindia.com/get-quotes/equity?symbol=ABB
(Disclaimer: The above article is for informational purposes only and should not be taken as any investment advice. Company Pulse suggests its readers/viewers to consult their financial advisor for any financial advice.)
