When does Goodyear India usually announce its dividend?
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Goodyear India typically announces its final dividend in May, with the ex-dividend date occurring in July.
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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.
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)
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.
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'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.
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.
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.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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Goodyear India typically announces its final dividend in May, with the ex-dividend date occurring in July.
As of FY24, the dividend yield of Goodyear India is approximately 1.80%.
Goodyear India's dividend yield and payout ratios are relatively high compared to some competitors. For instance, JK Tyre & Industries has a dividend payout of 17.1%. Investors should compare these figures within the context of each company's financial health and market position.
Shareholders can check dividend status via the company's investor relations section or through the registrar & transfer agent's website.
Goodyear India has declared dividends regularly over the past several years, with both final and special payouts during some financial years.
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