The Board of SKF India has set June 29, 2022 as the record date for the purpose of paying a 145.00 per cent dividend, which implies that the stock will go ex-dividend on June 28, 2022.


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with a market cap of 16,697 Crore, SKF India Limited is a mid-cap company dealing in Auto Accessories industry. The company provides state-of-the-art industrial and automotive engineering services. Six manufacturing plants, twelve offices and over 300 distributors make up SKF’s pan-India presence. In India, SKF has integrated its operating processes into three separate businesses: SKF India Limited, SKF Technologies (India) Pvt. Ltd., and SKF Engineering & Lubrication India Pvt Ltd. As per the facts available on Value Research and Screener SKF India is a Debt Free Company. The Board of SKF India has set June 29, 2022 as the record date for the purpose of paying 145.00 percent dividend, which means that the stock will become ex-dividend on June 28, 2022.

The company has said in a BSE exchange filing that “The Board decided to recommend to the members a final dividend of Rs 14.50/- per equity share for the financial year ended 31 March 2022, to be paid/dispatched within 30 days from the date the ensuing Annual General Meeting (‘AGM’), if declared and approved by the members at the AGM. In accordance with Regulation 42 of the SEBI LODR read with section 91 of the Companies Act, 2013, including the rules made thereunder, Wednesday, 29 June 2022 has been fixed as the record date for the purpose of the ensuing AGM and dividend, if declared at the AGM.

145.00 per cent as equity dividend, or 14.5 per share, announced by SKF India for the financial year ended March 2022, generates a dividend yield of 0.43 per cent at the current share price. 3,374.85 per share. Market price of SKF India shares closed today 3,374.85 (up 1.75 per cent over previous close) 3316.75) and the stock touched its intraday high in today’s trade 3,394.95 over 2%. The stock has returned 29.56 percent to shareholders over the past year, but has fallen 10.11 percent so far in 2022 (YTD). In the past month, the stock has gained 4.39 per cent, and has climbed 6.80 per cent in the last five trading days.

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The stock has been rising over the past two days, returning more than 5.5 percent during that time and 5.76 percent for the past week. at the current price level of 3,374.85 shares are trading 20 per cent lower from their 52-week highs and 34.86 per cent higher from their 52-week lows. SKF India shares hit 52-week high on NSE 52-week low of 4,239.95 on 15 December 2021 and 2,502.30 on 20 July 2021. Based on today’s closing price, the stock is trading above its five-day, twenty-day and fifty-day moving averages but below its one-hundred-day moving averages. One potential downside for the stock is that, with a current book value of 381.47 per share, the stock is trading at 8.85 times its book value at the current market price.

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