Dividend Stocks: Schaeffler India, CIE Automotive in focus as shares to trade ex-date today

Dividend Stocks: Schaeffler India and CIE Automotive India share prices remain in focus on Wednesday as the stocks will trade ex-dividend today. The record date for identifying the list of eligible shareholders to receive the dividend payout is also fixed as today.

The record date implies that the shareholders who wished to benefit from the dividend payout needed to buy Schaeffler India and CIE Automotive shares a day earlier for their names to appear in the list of eligible shareholders for receiving the dividend payout as per the T+1 settlement system.

The names of the shareholders who purchased Schaeffler India and CIE Automotive shares on the day before the record date will be listed among those eligible to receive the dividend.

Dividend payout details

Schaeffler India had recommended a dividend of ₹28 per equity share of face value of ₹2/- each. The dividend for the year ended December 31, 2024, if approved by the shareholders at the ensuing Annual General Meeting (AGM) shall be paid within 30 days from the date of the AGM to be held on 30 April, the company had said.

Schaeffler India had fixed the record for identifying the list of members eligible for the payment of dividend as Wednesday, April 23, 2025.

CIE Automotive India's Board of directors on February 20, 2025, had recommended the members, for their consideration and approval, a final dividend of ₹7 per Equity Share of face value of ₹10/- each for the financial year ended December 31, 2024.

The record date for the dividend payout stands today.

The dividend on the equity shares of the company, as recommended by the Board of Directors and as may be declared at the ensuing AGM, (on April 30 2024), will be paid within a period of 30 days from the date of the AGM to those Shareholders or their mandates, said the company.

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