Small Cap Honda Motor Subsidiary Rectifies Record Date For Rs 16.50/Share Dividend

Board of directors of small cap electric company, Honda India Power Products Ltd on June 8, 2023 rectified the record date for Rs 16.50 per equity share dividend. The new record date is now August 3, 2023 which was inadvertently mentioned as August 4. Honda India Power Products share offered 43% return in last 1-year. Check
details below:

Honda India Power Products Corrects Record Date For Dividend: According to the BSE filing of the company, "With reference to our intimation letter dated May 17, 2023, bearing no. HIPP/SE/2023-24/23, whereby the Company informed the exchange about the Record date/ Book closure and Dividend payout date, we humbly submit that the record date for the purpose of determining the eligibility of shareholders for payment of dividend, to be considered as August 03, 2023, which was inadvertently mentioned as August 04, 2023."

Honda India Power Products Stock Performance & Return: Last trading price of Honda India Power Products is Rs 2181.3 per share with intraday fall of 0.11%. Its 52-week high price is Rs 2911.80 per share and 52-week low price is Rs 1363.00 apiece, respectively. The small cap company has a market capitalisation of Rs 2,211.84 crore. In last 6-months, Honda India Power Products share declined 15%, gave 101% return in last 2-years, and 120% return in last 3-years.

Honda India Power Dividend Details: According to regulatory filing of the company, "The Board of Directors at the aforesaid Meeting has recommended a Dividend of Rs.16.50 per equity share of the Company for the Financial Year ended March 31, 2023. The said Dividend shall be paid to the shareholders on September 05, 2023."

About: India's No. 1 Power Products company, Honda India Power Products Limited (HIPP) (Formerly known as Honda Siel Power Products Ltd. HSPP), is a subsidiary of Honda Motor Co. Japan and was incorporated on 19th Sept, 1985, according to its official website.