Siemens Dividend: Along with releasing the results of the third quarter of the current financial year, listed companies in the stock market are also declaring dividends for the shareholders. In this connection, Siemens Limited, the Indian unit of Germany’s leading engineering company Siemens, has also announced dividend for its investors. Siemens Ltd had said in an exchange filing on January 14 that it will pay a dividend of Rs 12 to shareholders for each share with a face value of Rs 2. The company has also fixed the record date for payment of this dividend.
The company fixed the record date
Siemens had said in its exchange filing that the record date for this dividend to be given to shareholders has been fixed as Thursday, January 30. The company’s shares will trade ex-dividend on January 30. This simply means that new shares purchased on January 30 will not get the benefit of dividend. If an investor wants to take advantage of the dividend, he will have to buy shares before the market closes on January 29. Actually, on the day of record date the company finalizes its record book. Dividend is given to investors according to the number of shares they hold on the record date.
Big fall in company’s shares on Tuesday
Let us tell you that till 12.51 pm on Tuesday, Siemens shares were trading at Rs 5988.70 with a huge fall of Rs 149.05 (2.43%) on BSE. The company’s shares, which closed at Rs 6137.75 on Monday, opened today with a rise at Rs 6154.50. Till the time of writing the news, Siemens shares had reached intraday high of Rs 6155.00 to intraday low of Rs 5977.50. Whereas its 52 week high is Rs 8129.95 and 52 week low is Rs 4023.10. The current market cap of Siemens is Rs 2,13,542.17 crore.
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