Multibagger Tyres Stock To Go Ex-Dividend On July 14th For 450% Dividend, Stock Rally 2.57%

Apollo Tyres Ltd. is set to trade ex-Dividend this week on Friday, Jul 14, 2023, according to the regulatory filing by the Board of Directors of the company on Jun 22, 2023.

the Board of Directors of the company in a meeting on May 09, 2023, recommended a Final Dividend of Rs. 4.00 per Equity Share and a Special Dividend of Rs. 0.50 per Equity Share aggregating to Rs. 4.50 (i.e. 450%) per Equity Share on the face value of Re 1 each for FY23.

Record Date

According to the regulatory filing, Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed the record date for the purpose of payment of dividend as per details given below:

It added, The Dividend on Equity Shares for the year ended March 31, 2023 as recommended by the Board of Directors and declared at the said AGM will be paid within 30 days of the date of AGM to those Shareholders or their mandates:

a) Whose names appear as Beneficial Owners as at the end of the business hours on Friday, July 14, 2023 in the list of Beneficial Owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited in respect of the shares held in Electronic form;

b) Whose names appear as Members in the Register of Members of the Company as at the end of the business hours on Friday, July 14, 2023 in respect of the shares held in physical form.

Dividend

According to the regulatory filing by the Board of Directors of Apollo Tyres Ltd., "Recommended the Final Dividend of Rs. 4.00 per Equity Share and a Special Dividend of Rs. 0.50 per Equity Share on occasion of 50th Annual General Meeting (AGM) of the Company, aggregating to Rs. 4.50 (i.e. 450%) per Equity Share on face value of Re. 1 each for FY23, subject to the approval of the Shareholders at the ensuing AGM of the Company, which shall be paid/ dispatched on or before 30 days from the conclusion of the AGM."

Stock Movement

On Monday, the stock of Apollo Tyres rallied 2.57%, ended 428.95 apiece. It 52-week high is Rs 430.75 apiece, and the 52-week low is Rs 199.75 apiece, respectively.

It jumped 8.02% in the past 1 week. It gave 30.78% positive return in the past 3 months. It gave 111.25% multibagger return in 1 year. It gave 278.93% positive return in the past 3 years. It gave 61.08% positive return in the past 5 years.

Disclaimer

The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.