Dividend Stocks in the Spotlight: Schaeffler India, CIE Automotive, and Elantas Beck Set for Key Payout

Dividend investors will be watching Schaeffler India, CIE Automotive India, and Elantas Beck India today when the shares go ex-dividend, releasing substantial returns to eligible shareholders and revealing healthy financial performances in FY24.

 

Key Highlights

 

Schaeffler India has announced a final dividend of ₹28 per equity share for the year ending December 2024, from ₹26 in the previous year. The record date is April 23, 2025, and within 30 days of the annual general meeting, the dividend shall be paid. Schaeffler posted an 11.8% increase in revenues for the year to ₹80,763 million and 7.3% increase in profit before tax, reflecting strong growth and a healthy payout of 45%—its third-best on record.

 

CIE Automotive India will also be trading ex-dividend today with a final dividend of ₹7 per share. The firm has had consistent payouts, rewarding the shareholders through constant business performance.

 

Elantas Beck India also features on the list with a final dividend of ₹7.5 per share, adding to its track record as a shareholder payer.

 

Investors need to own these shares before the ex-dividend date so that they receive the payouts since India operates with a T+1 settlement cycle.

 

The emphasis on these dividend stocks arrives as market participants look for stable income during market volatility, with today's ex-dividend actions being a pivotal event for income-focused portfolios.

 

Source: Business Today, Angel One, INDmoney