2,000% dividend: Hero MotoCorp announces payout—check out payment date, other details

Hero MotoCorp dividend: Hero MotoCorp on Wednesday, May 8 announced a 2,000 per cent final dividend along with auto major's financial results for the March quarter. The New Delhi-headquartered Hero MotoCorp announced a dividend of Rs 40 per equity share for a face value of Rs 2 subject to the approval of the members of the Company at the ensuing 41st Annual General Meeting (AGM). 

"Recommendation of final dividend @ 2,000% i.e. Rs. 40/- per share (face value of Rs. 2 per equity share), subject to the approval of the members of the Company at the ensuing 41st Annual General Meeting," the auto major, whose popular models include Splendor Plus, HF Deluxe, Passion Plus and Pleasure Plus's regulatory filing said. 

Hero MotoCorp dividend payment date

If approved at the company's AGM, the payment of the dividend will be completed within 30 days of the declaration at the AGM. "The payment of dividend/dispatch of dividend warrants will be completed within 30 days of declaration at the ensuing Annual General Meeting (AGM)," it added. 

Hero MotoCorp Q4 Results

Hero MotoCorp on Tuesday reported a standalone net profit of Rs 1,016.1 crore for the January-March period, up 18.3 per cent on a year-on-year basis. The auto major registered a 14.6 per cent growth in revenue to Rs 9,519.3 crore for the fourth quarter of FY24, according to a regulatory filing. Read more on Hero MotoCorp Q4 Results

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