Dividend stock: Maruti Suzuki's board to meet on this date to discuss payout

Maruti Suzuki dividend, Maruti Suzuki board meeting: The board of Maruti Suzuki India, the country's largest carmaker, is scheduled to meet on Friday, April 26, to consider and approve the audited financial results for the fourth and final quarter of the financial year 2023-24, and to recommend dividend, if any, on equity shares of the company.

The auto giant's regulatory filing on April 3 read, "We hereby intimate that a meeting of the board of directors of the Company is scheduled to be held on Friday, the 26th April, 2024, to consider and approve, inter-alia, the audited financial results for the year ended on 31st March, 2024, and to recommend dividend, if any, on equity shares of the Company for the financial year 2023-24."

Maruti Suzuki dividend history

According to BSE, Maruti Suzuki India has declared an equity dividend amounting to Rs 90 per share.

Maruti Suzuki dividend yield

At the current level, Maruti Suzuki India has a dividend yield of 0.70 per cent.

Maruti Suzuki share price history

In last one year, Maruti Suzuki has gained nearly 50 per cent, outperforming Nifty 50, which has rallied nearly 30 per cent, and underperforming the Nifty Auto index, which has jumped over 75 per cent in the period.

The 52-week high and 52-week low of the counter are Rs 12,726.8 (28 March 2024) and Rs 8,377.1 (6 April 2023), respectively. Maruti Suzuki has a market capitalisation of Rs 3,96,076.5 crore, according to the data available on NSE.

Maruti Suzuki share price target: Should you buy the auto stock?

Macquarie has maintained a 'neutral' call on Maruti Suzuki with a target price of Rs 10,608. On the other hand, Morgan Stanley has retained an 'overweight' rating with a target price of Rs 11,228.

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