HERO MOTOCORP LTD Dividend 2024 Record Date, Share Price, History

News: Hero MotoCorp Ltd., India’s leading two-wheeler manufacturer, has recently declared its dividend for the year 2024. As investors and enthusiasts, it’s essential to understand the significance of this announcement. In this article, we’ll delve into the details of Hero MotoCorp’s dividend, including the record date, share price impact, and a brief historical overview.

What is a Dividend?

A dividend is a distribution of profits made by a company to its shareholders. It’s usually in the form of cash or additional shares. Companies reward their shareholders by sharing a portion of their earnings, reflecting financial stability and confidence in future prospects.

Hero MotoCorp’s Dividend History

March 2023: Hero MotoCorp declared an equity dividend of 5000%, amounting to Rs 100 per share. This generous payout reflects the company’s robust financial performance.

Dividend Types and Dates

Special Dividend (21st February 2024):

• Amount: Rs 25 per share

• Record Date: 21st February 2024

Interim Dividend (21st February 2024):

• Amount: Rs 75 per share

• Record Date: 21st February 2024

Final Dividend (27th July 2023):

• Amount: Rs 35 per share

• Record Date: 27th July 2023

Interim Dividend (17th February 2023):

• Amount: Rs 65 per share

• Record Date: 17th February 2023

Final Dividend (27th July 2022):

• Amount: Rs 35 per share

• Record Date: 27th July 2022

Interim Dividend (21st February 2022):

• Amount: Rs 60 per share

• Record Date: 21st February 2022

Impact on Share Price

Dividends often influence a company’s stock price. Investors view consistent dividends positively, as they indicate financial stability and shareholder-friendly policies. However, the impact can vary based on market conditions and investor sentiment.

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About HERO MOTOCORP LTD :

Hero MotoCorp Ltd., a prominent name in the Indian two-wheeler industry, has a rich history and continues to be a market leader. Let’s explore some key aspects of this renowned company:

Company Overview

• Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters in terms of unit sales.
• Founded in 1984, it emerged as an independent entity after separating from Hero Cycles.
• The company’s headquarters are in New Delhi, India.

Product Portfolio

Hero MotoCorp offers a diverse range of motorcycles and scooters, catering to various customer preferences:

Motorcycles:

• Hero’s motorcycle lineup includes commuter bikes, sports bikes, and adventure bikes.

• Popular models include the Splendor, Passion, Glamour, and Xtreme series.

Scooters:

• The scooter segment features models like the Pleasure, Maestro, and Destini.

• Hero scooters are known for their fuel efficiency and practicality.

Hero MotoCorp’s commitment to rewarding shareholders through dividends underscores its strong position in the market. As an investor, keep an eye on the record dates and dividend announcements to make informed decisions. Remember, dividends are not just financial transactions; they represent a company’s gratitude towards its shareholders.

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