Hero MotoCorp approves final dividend & special dividend for FY21
The board of directors of Hero MotoCorp has approved the recommendation of final dividend as well as of special dividend to be paid to the shareholders post approval from the members.
A final dividend of Rs 25 per share and a special dividend of Rs 10 per share will be paid by September 3, 2021, if declared at the ensuing annual general meeting (AGM).
For Q4FY21, Hero MotoCorp reported a 34.92 per cent rise in its total income from Rs 8,758.01 crore to Rs 6,490.92 crore. The net profit increased by 44.22 to Rs 885.28 crore in Q4FY21 compared to Rs 613.81 crore reported in Q4FY20.
Demand growth in the two-wheeler segment and product diversification are expected to boost the company’s sales volume, going forward.
Hero MotoCorp is one of the largest two-wheeler manufacturers in the world. Its popular products include Maestro Edge, Karizma, Xtreme Sports, Xtreme, Maestro, Pleasure, etc.
On Friday, the stock of Hero MotoCorp closed at Rs 2,856.30, down by 1.95 per cent or Rs 56.70 per share. Its 52-week high and 52-week low is Rs 3,628.55 and Rs 1,955.40, respectively on BSE.