Dividend Stock: This multi-cap firm to announces Rs 5/share payout; catch key details here

Dividend Stock: Mid-cap firm from Auto Ancillaries space—CIE Automotive India, in its 25th AGM, approved a final dividend of Rs 5 per ordinary equity share of the face value of Rs 10 each for the financial year ended March 31, 2023.

"We wish to inform that the Board of Directors of the Company (the Board) at its meeting held today i.e. 19th February 2024 recommended to the members, for their consideration and approval at the ensuing 25th Annual General Meeting of the Company, Final Dividend of Rs. 5.00/- (Rupees Five only) per ordinary equity share of face value of Rs. 10/- each
for the financial year ended 31st December 2023," the company informed the exchanges post market hours on Monday. 

CIE Automotive India: Past performance

The 52-week high price of CIE Automotive India shares on BSE is Rs 578.10 apiece, touched on July 19, 2023, and the 52-week low price is Rs 332.20 apiece, hit on March 29, 2023, respectively.

As per data on BSE, the company has a market capitalisation of Rs 17,981.78 crore.

CIE Automotive India shares have zoomed over 20 per cent in the last 1 year. In the last 5 years, the CIE Automotive stock has gained over 100 per cent.

What does CIE Automotive India do?

CIE Automotive India is an automotive component supplier listed on stock exchanges. It is a subsidiary of the CIE Automotive group of Spain; an industrial group specialised in supplying components and subassemblies for the automotive market, which has a presence across the globe and is listed on the stock exchange in Madrid, as per the company's official website.

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