Dividend-paying stock: The board of directors of Goodyear India Limited has suggested a 20 dividend and an 80 special dividend, which must be approved by shareholders and other stakeholders at the company’s Annual General Meeting held on August 1, 2022.
For the fiscal year 2021-22, a dividend and special dividend of $10 per equity share have been declared. As a result, the tyre company declared a 200 percent dividend as well as an 800 percent special dividend.
Goodyear India Limited published the news, stating that a final dividend of rupees 20/- per equity share of rupees 10/- each and a special dividend of rupees 80/- per equity share of rupees 10 each are recommended for the fiscal year ending March 31, 2022. If approved by the members at the next Annual General Meeting on Monday, August 1, 2022, the Final and Special Dividends will be paid within the statutory time limit to those members whose names appear in the Register of Members on Monday, July 25, 2022.
Here are 5 things Goodyear India shareholders need to know:
1] Goodyear dividend: The board of directors of the business has suggested a dividend of $20 (200 percent) for each equity share of $10.
2] Goodyear special dividend: The board of directors of the tyre maker has also suggested a special dividend of 80 (800 percent) for each equity share of ten dollars.
3] AGM to consider dividend and special dividend: The dividend and special dividend proposed by the company’s board of directors are subject to approval by the company’s shareholders and other stakeholders at the AGM on August 1, 2022.
4] Goodyear annual dividend yield: The share price of Goodyear India today is at 1020 per equity share, and the dividend and special dividend announced is 100 (20 + 80), for a 9.8 percent annual dividend yield.
5] Payment of dividends and special dividends: These 20 dividend and 80 special dividends will be paid to members whose names appear in the Register of members on Monday, July 25, 2022, within the statutory time limit.