Dividend Stock: The Indian stock market is once again seeing a big decline. The market started a flat on Tuesday, but after some time it started declining. Let us tell you that the stock markets closed with a big fall on Monday. However, in the meantime, all companies are releasing their financial results and are also announcing dividend for their investors. In this series, Hero MotoCorp, the country’s largest two-wheeler automobile company, also announced a thick dividend for its investors, whose record date has come very close.
Dividend of Rs 100 will be available on every stock
Hero MotoCorp said in an exchange filing of February 6 that the company’s board has approved a dividend of Rs 100 (5000 percent) for each share of a face value of Rs 2. This will be an interim dividend given for the financial year 2024-25, for which the company has fixed a record date on Wednesday, February 12. That is, Hero MotoCorp shares will trade X-Dividend Trades tomorrow. Let us tell you that you will not get the benefit of dividend on the new shares to be purchased on Wednesday, February 12. If you want to take advantage of dividend, then you have to buy shares before the market is closed today. According to the company, on March 8, the money of the dividend will be sent to the account.
Company shares are trading in red mark on Tuesday too
On Tuesday, the company’s shares are once again seeing a big decline. By 10.43 am today, Hero MotoCorp shares were trading at a price of Rs 57.80 (1.38%) at a price of Rs 4139.00. The company’s shares closed at Rs 4196.80 on Monday at a price of Rs 4196.85 today. By the time the news was written, the shares of the automobile company had reached the Intrade Low of Rs 4131.95 to the Intrade High of Rs 4215.90. Hero MotoCorp shares have 52 weeks high 6245.00 and 52 weeks are Rs 3999.00.
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