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Goodyear India Dividend: History, Yield & Payout Details

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Introduction

​Goodyear India Limited manufactures and trades automotive tires, tubes, and flaps, with a significant presence in the Indian farm tire market. The company's product range includes farm and commercial truck tires, as well as passenger car tires. In the luxury vehicle segment, Goodyear India introduced the Assurance ComfortTred and EfficientGrip Performance SUV tires, designed to enhance comfort and performance. The company supplies farm tires to major tractor manufacturers such as Escorts Kubota Ltd. and Mahindra & Mahindra. ​

Dividend Overview

  • Latest Dividend Declared: ₹15.00 (Final, FY24)​

  • Dividend Yield: 1.80%​

  • Record Date: 27 May 2024​

  • Ex-Dividend Date: 23 July 2024​

  • Payout Ratio: 100% (FY24)​

Goodyear India Dividend History

Year

Dividend Per Share (₹)

Payout (%)

2024

41.00

100

2023

26.50

50

2022

100.00

224

2021

98.00

301

2020

93.00

34

2019

13.00

29

Note: The dividend per share includes both final and special dividends declared during the respective years.​

Goodyear India Dividend Yield & Financial Performance

As of FY24, Goodyear India's dividend yield stood at 1.80%. The company reported a net profit of ₹94.85 crore for the year ending March 2024. Basic earnings per share (EPS) were ₹41.12. The dividend payout ratio for the same period was 100%, indicating that the company distributed more than its net earnings as dividends.​

Goodyear India Dividend Policy & Factors Affecting It

Goodyear India's dividend policy is influenced by factors such as profitability, cash flow, capital expenditure requirements, and overall financial performance. The company has maintained a high dividend payout ratio in recent years, sometimes exceeding 100%, which suggests that it may distribute dividends from its reserves or accumulated profits. Market conditions, industry trends, and company-specific financial health play crucial roles in determining dividend declarations.​

How to Check & Claim Dividends?

  • Check Status: Visit the website of the Registrar & Transfer Agent (RTA) or the company's investor section to verify dividend status.​

  • Claim Process: If the dividend has not been credited, shareholders can write to the RTA or claim through the Investor Education and Protection Fund (IEPF) portal.​

  • Bank Mandate: Ensure that bank details are updated in the Demat account for smooth credit of dividends.​

Conclusion & Investment Takeaways

Goodyear India has a history of declaring dividends, with varying amounts over the years. The company's dividend payout has, at times, exceeded its net earnings, reflecting its approach to returning value to shareholders. Investors should consider the company's financial performance, dividend payout ratios, and overall market conditions when evaluating potential investment decisions related to Goodyear India.​

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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