Good news for Bajaj Finance shareholders, company to give more dividend now - Anil Singhvi explains why
Bajaj Finance share news: In good news for investors and shareholders of Bajaj Finance, the company's board of directors has given approval for changes in the dividend distribution policy.
Bajaj Finance share update In good news for investors and shareholders of Bajaj Finance, the board of directors has given approval for changes in the dividend distribution policy.
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Zee Business Managing Editor Anil Singhvi said that as per the changes, Bajaj Finance will give more dividend to its shareholders. Earlier, it was policy of the company to give dividend up to 15 per cent, which has been revised and now the NBFC will give dividend between 15 per cent to 25 per cent.
Watch detail analysis in the video below:
बजाज फाइनेंस के निवेशकों के लिए Good News...
डिविडेंड डिस्ट्रीब्यूशन पॉलिसी में बदलाव को बोर्ड से मिली मंजूरी#BajajFinance @AnilSinghvi_ @deepdbhandari pic.twitter.com/dbbA2cC54y
— Zee Business (@ZeeBusiness) March 15, 2021
Speaking further, the Market Guru said that it means that the company has enough cash and has presented a very good picture as far as corporate governance is concerned.
Talking about this announcement by Bajaj Finance, market analyst Vijay Chopra said the company is very well placed as compared to its peers in finance segment. "This company has a very good penetration even in small tier 2 towns and has equally good asset quality. This company also has very less NPAs as compared to other NBFCs. There are two major reasons when a company increases it dividend payout. One is that promoters have a very good holding, and another is that the company's financial situation is very strong."
Chopra recommended long-term investors to stay put with this share. Though the stock has declined after announcement of increment in dividend payout, it won't fall much and keep on growing in the long-term, he added.
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