Companies based on their profitability also consider dividend payment to their shareholders. Similarly Hero Motocorp has recommended final dividend for the Fy22.
Dividend recommendation and dividend payment details:
In the exchange filing, the company said it recommended final dividend subject to approval of members @ 1,750% i.e. Rs. 35
per share (face value of Rs. 2 per equity share).
The dividend, if declared at the ensuing
AGM, will be paid by September 8, 2022.
Previously for the Fy2022, the company also announced Rs. 60 interim dividend. So with the total dividend of Rs. 95 and the current share price of Rs. 2409.5, the dividend yield will turn out to be 3.94%. This in aggregate is a staggering dividend of 4750%.
Past dividend history of Hero Motocorp
The company has a good dividend paying record and has been consistent too. In the previous Fy, the company paid a hefty dividend of Rs. 105. This at the current price turns out to be a dividend yield of 4.36%.
Hero Motocorp Q4fy22 Results:
The company's net revenue from operations for the quarter has been at Rs. 7422 crore with 11.9 lakh units sold during the period. PAT at the company stood at Rs. 627. EBITDA margin came in at 11.2%.
Consolidated Revenue and PAT stood at Rs.29,551 Crore and Rs.2,329 Crore respectively.