Auto Sector Stock Discloses Record Date For Dividend Of Rs 65 Per Equity Share

Large cap auto sector stock, Hero MotoCorp Ltd fixed record date for interim dividend. The board of directors of Hero MotoCorp considered and approved interim dividend of Rs 65 per equity share on February 7, 2023. It also declared a 3.6% YoY jump in net profit for the quarter ended December 31, 2022 at Rs 711.06 crore.

The company's revenue from operations soared 2% YoY to Rs 8031 crore. Check details below:

1. Hero MotoCorp Sets Record Date For Interim Dividend

According to the regulatory filing of the company, "The Board of Directors at its meeting held today, viz. February 7, 2023, has considered and approved interim dividend @ 3,250% i.e. Rs. 65 per equity share (face value of Rs. 2 per equity share) for the financial year 2022-23. Accordingly, the Board has fixed February 17, 2023 as record date for determining entitlement of members for the purpose of payment of interim dividend. The payment of interim dividend/ dispatch of dividend warrants will be completed by March 9, 2023."

2. Hero MotoCorp Dividend History

The company has been maintaining a good dividend history and announced dividend regularly for the last 5-years. The company for the year ended March 2022 announced an equity dividend of 4750.00% or Rs 95 per share.

Hero MotoCorp has a dividend yield of 3.63% if the current market price of the stock 2604.85 apiece is taken into consideration.

3. Hero MotoCorp Stock Performance & Return In Last 5 Years

The last trading price of the stock is Rs 2604.85 apiece with an intraday fall of 1.84%.

The stock's 52-week high is Rs 2,939.35 apiece and 52-week low is Rs 2,148.00 apiece. The market capitalisation of the company is Rs 52,052.83 crore.

The stock declined 4% in last 6-months, 2% in last 1-year, and gained a little over 6% in last 3-years.

4. Hero MotoCorp About

Hero MotoCorp Limited is the world's largest manufacturer of two wheelers. It has four manufacturing facilities based in Dharuhera and Gurgaon in Haryana Haridwar in Uttarakhand and Neemrana in Rajasthan. It offers a range of bikes starting from CD Dawn CD Deluxe Splendor Plus Splendor NXG Passion and Passion Pro.

Disclaimer

The stock gives details of interim dividend and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.