How many Majestic Auto share one has to buy for 5000 Rs dividend?

To determine how many Majestic Auto shares one needs to buy to receive a dividend of 5000 Rs, we need to consider the dividend per share and the current stock price.

From the provided CSV data, we can see that the most recent dividend announced by Majestic Auto is an interim dividend of 15.00 Rs per share on February 20, 2024.

Given:

• Current stock price: 339.60 Rs
• Dividend per share: 15.00 Rs

To calculate the number of shares required to receive a dividend of 5000 Rs, we can use the following formula:

Number of shares = Target dividend amount / Dividend per share

Substituting the values, we get:

Number of shares = 5000 Rs / 15.00 Rs
Number of shares = 333.33

Since we cannot buy fractional shares, we need to round up the number of shares to the nearest whole number.

Therefore, to receive a dividend of 5000 Rs from Majestic Auto, one would need to buy 334 shares.

The total cost of buying 334 shares at the current price of 339.60 Rs would be:

Total cost = Number of shares × Current stock price
Total cost = 334 × 339.60 Rs
Total cost = 113,366.40 Rs

So, to receive a dividend of 5000 Rs from Majestic Auto, one would need to invest 113,366.40 Rs by purchasing 334 shares at the current price of 339.60 Rs per share.