Multibagger Mid Cap Tyre Company Fixes Record Date For 450% Dividend Payment

Mid cap company operating in Tyres sector, Apollo Tyres Ltd on June 22, 2023 fixed July 14, 2023 as the record date for payment of dividend. Apollo Tyres shares traded new 52-week high intraday to close at Rs 414.45 per share with intraday fall of 1.17%. In last 1-year, Apollo Tyres stock delivered 131% return. Check details below:

Board Of Apollo Tyres Sets Record Date For Dividend: According to the BSE filing of the company, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed July 14, 2023 as the record date for the purpose of payment of dividend."

Earlier, Apollo Tyres recommended the Final Dividend of Rs. 4.00 per Equity Share and a Special Dividend of Rs. 0.50 per Equity Share on occasion of 50th Annual General Meeting (AGM) of the Company, aggregating to Rs. 4.50 (i.e. 450%) per Equity Share on face value of Re. 1 each for FY23, subject to the approval of the Shareholders at the ensuing AGM of the Company, which shall be paid/ dispatched on or before 30 days from the conclusion of the AGM."

Apollo Tyres Stock Performance & Return: Last trading price of Apollo Tyres share is Rs 414.45 apiece on BSE. Its 52-week high price is Rs 427.20 per share and 52-week low price is Rs 174.45 apiece, respectively. The company has a market capitalisation of Rs 26,363.04 crore. In last 3-months, Apollo Tyres shares delivered 32%, 27% return YTD, 84% return in last 2-years, and 271% return in last 3-years. In last 5-years, Apollo Tyres stock rallied 52%.

Apollo Tyres About: Apollo Tyres is an international tyre manufacturer and the leading tyre brand in India. The company has a total of six manufacturing units -- 4 in India and 1 each in the Netherlands and Hungary. India's fifth and 7th globally, is coming up in Andhra Pradesh. The company markets its products under its two global brands - Apollo and Vredestein, and its products are available in over 100 countries through a vast network of branded, exclusive and multi-product outlets, as per its official website.

Disclaimer: The mid cap company fixed record date for dividend. 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.