Maruti Suzuki announces record 1,800% dividend: Amount, payment date, other key details

Maruti Suzuki India — the country's largest carmaker — on Wednesday announced a dividend of Rs 90 per share — a payout of 1,800 per cent given the face value of Rs 5 per share. This is the final dividend for the financial year 2022-23, which ended on March 31, 2023. 

Maruti Suzuki said the latest dividend, subject to approval by shareholders at the company's annual general meeting (AGM), is its highest ever. For the year ended March 2023, Maruti Suzuki had given a dividend of Rs 60 per share.

Maruti Suzuki dividend: When will the payout be made?

Maruti Suzuki announced a payment date of September 6 for the dividend. 

When will Maruti Suzuki conduct its AGM in 2023?

Maruti Suzuki is scheduled to hold its annual general meeting on August 29, 2023.

Maruti Suzuki dividend history

Here's a summary of the auto major's dividend announcements in the past five years: 

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