The Board of Directors of Apollo Tyres Ltd (APOLLOTYRE) at its meeting held on 12 May 2021, has declared Final Dividend of Rs 3.5 per equity share. The meeting of the Board of Directors commenced at 3:00 PM and concluded at 6:30 PM.
Apollo Tyres Ltd Q4 Result
The company posted a close to a four-fold increase in its consolidated net profit at Rs 289 crore for the fourth quarter ended March 31, 2021. Revenue from operations rose by 39 per cent to Rs 5,026 crore, as compared with Rs 3,616 crore in the year-ago period. For 2020-21 fiscal, the company reported a net profit of Rs 958 crore.
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Apollo Tyres Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 16 July 2021 as the Record date. Payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on Friday, i.e. 16 July 2021.
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Above all, here is the copy of statement, the company has sent to the exchanges:
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held today has recommended the Final dividend of Rs. 3.50 per Equity Share of face value of Re. 1 each (i.e. 350%) for FY 2020-21.
Important Dates
- Company – Apollo Tyres Ltd
- Script Name – APOLLOTYRE (NSE) and 500877 (BSE)
- Dividend Amount – 3.5 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 15 July 2021
- Record Date – 16 July 2021
- Payment Date – 22 August 2021
Also, you can find more information about Apollo Tyres Ltd on National Stock Exchange and Moneycontrol – Apollo Tyres Ltd is a high-performance company and the leading Indian tyre manufacturer. The company currently produces the entire range of automotive tyres for ultra and high speed passenger cars, truck and bus.
