NSE Announces 4:1 Bonus Shares and ₹90 Dividend per Share: Key Takeaways for Investors

  • The National Stock Exchange (NSE) board has recommended issuing bonus shares in a 4:1 ratio and a ₹90 per share dividend.
  • The recommendations were made while declaring its Q4 results 2024, which showed a 20 percent YoY rise in profit to ₹2,488 crore.
  • The NSE is yet to declare record dates for the bonus shares and dividend.

Recent developments from the National Stock Exchange (NSE) include a proposed 4:1 bonus share issue and a ₹90 per share dividend. This follows a 20% YoY rise in Q4 profits.

NSE Dividend Proposal 2024

The NSE board recommended a dividend of ₹90 per share for the year ending FY24, amounting to a pay-out of ₹4,455 crores. This proposal was announced in a press statement alongside the Q4 results.

NSE Bonus Issue 2024

The NSE board also recommended the issue of 4 bonus shares for each existing share held. This is subject to necessary approvals from shareholders and regulators for an increase in authorised share capital.

NSE Q4 Results 2024

NSE reported consolidated revenue from operations at ₹4,625 crores for Q4 FY24, up by 34% on a year-on-year basis. The revenue from operations was supported by trading revenue and other revenue lines, which include data centre & connectivity charges, clearing services, listing services, index services, and data services. The net profit margins for Q4 FY24 stood at 49%. On a consolidated basis, earnings per share increased to ₹50.25 in Q4 FY24 from ₹41.72 in Q4 FY23.

Conclusion

The NSE’s proposed dividend and bonus share issue reflect the company’s strong performance in Q4 FY24. However, investors should note that these proposals are subject to necessary approvals and the NSE has not yet declared record dates for the bonus shares and dividend.

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