Dividend Stock: Cummins India, the Indian unit of the veteran American company Cummins, who made engine and generator, released its financial results on Wednesday, 5 February. Cummins India had announced dividend for its shareholders along with releasing the third quarter results of FY 2024-25. The company had stated in an exchange filing that the board of Cummins India has approved the proposal of dividend for shareholders. The company has also shared all the details related to the dividend with the stock market exchanges.
Company fixed record date and payment date
Cummins India said that the investors of the company will be given a 2-rupee face value of Rs 18 for FY 2024-25 on each stock. This will be an interim dividend. Along with this, the company has also announced a record date and payment date for payment of dividend. Cummins India said that on Friday, February 14, a record date has been fixed for the payment of dividend. That is, next week, the company shares will trade X-Dividend on Friday. The company said that dividend money will be transferred to investors’ bank account by March 3.
Cummins India shares closed with a brilliant lead on Thursday
Cummins India shares closed with a spectacular lead on Friday. The company’s shares on BSE rose by Rs 44.95 (1.54%) to close at a price of Rs 2964.40. The company’s shares, which closed at Rs 2919.45 on Wednesday, opened at Rs 3068.00 on Thursday. During the trading yesterday, the shares of Cummins India reached Intrade High of Rs 3075.95 to Intrade Low of Rs 2925.55. However, the company’s shares are still far below their 52 weeks high. Cummins India shares have 52 weeks high 4169.50 and 52 weeks are Rs 2373.40. According to data from BSE, Cummins India’s current market cap is Rs 82,173.17 crore.
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