Alert For Tyre Stock Watchers! Heavy Dividend of Rs. 23.90 Is On The Way, Record Date On July 18; Buy Or Sell?

The multinational tire producer The Goodyear Tire & Rubber Company owns Goodyear India Limited as a subsidiary. It is a top supplier of tires to many of India's top passenger vehicle Original Equipment Manufacturers (OEMs) as well as to significant tractor firms. A final dividend of Rs. 23.90/-per equity share of Rs. 10/-each has been recommended by the firm for the financial year that ended on March 31, 2025, for which the record date is next week. Here's how to set up your transaction if you want to take advantage of the payout.

Goodyear India Dividend

"Recommended a Final Dividend of Rs. 23.90/- per equity share of Rs. 10/- each, for the Financial Year ended March 31, 2025. The Final Dividend, if approved by the members, at the forthcoming Annual General Meeting scheduled to be held on Friday, July 25, 2025 shall be paid within the statutory time limit to those members whose names would appear in the Register of members on Friday, July 18, 2025. The convening of Annual General Meeting of the Company to be held on Friday, July 25, 2025, through Video Conferencing / Other Audio-Visual Means (VC / OAVM)," said Goodyear India in a stock exchange filing.

Goodyear India Dividend History & Yield

Goodyear India has given out substantial dividends in recent years, including Rs. 15 and Rs. 26 (special) in FY2023-2024 and Rs. 26.50 in FY2022-2023. Large special dividends, such as Rs 80 per share in 2022 and 2021, have also been paid out by the corporation in the past, indicating solid cash positions during those times. According to statistics from websites like Investing.com, Trendlyne, and Digrin, the trailing dividend yield is between 2.4% and 2.6% based on current share prices of roughly Rs 1,000 to Rs 1,030. This yield is much higher than the industry average; according to MarketScreener and Finbox statistics, the broader industry average is close to 1.0%, while prominent competitors in the tyre sector, such as Apollo Tyres, CEAT, and JK Tyre, normally provide yields between 0.8% and 1.1%.

Goodyear India Share Price Target

"Goodyear is trading in a sideways-to-positive trend, with support around ₹1,000 and resistance near ₹1,050. A breakout above ₹1,050 could spark a move toward ₹1,120-₹1,150. On the downside, a breach below ₹1,000 may trigger a correction toward ₹960. Price action indicates potential building strength, but confirmation above resistance is needed. Traders can look to buy near ₹1,010-₹1,020 with a stop-loss just below ₹995, referencing a breakout above ₹1,050 for added confidence," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.