In a move welcomed by shareholders, CIE Automotive India Ltd has announced a final dividend of ₹7 per equity share for the financial year ended December 31, 2024. This announcement underscores the company’s strong financial performance and commitment to delivering value to its investors.
As per the official disclosure, the record date and ex-dividend date for this payout is set for April 23, 2025. Shareholders who hold the stock on or before this date will be eligible to receive the dividend.
The dividend, which represents a 70% payout on the face value of ₹10 per share, is subject to approval by shareholders during the company’s 26th Annual General Meeting (AGM), scheduled for April 30, 2025. Once approved, the dividend is expected to be credited or dispatched by May 30, 2025.
This marks one of the highest dividends declared by CIE Automotive India in recent years, signaling consistent growth and confidence in future prospects. Over the last few financial years, the company has gradually increased its dividend payouts, reflecting improved profitability and strong cash flows.
CIE Automotive India’s Key Details:
- Final Dividend: ₹7 per equity share
- Ex-Dividend Date: April 23, 2025
- Record Date: April 23, 2025
- AGM Date: April 30, 2025
- Payout Date (expected): May 30, 2025
CIE Automotive India, a prominent player in the automotive components manufacturing sector, has shown robust operational performance, with a steady rise in revenues and profits over recent quarters. The dividend announcement reinforces its status as a fundamentally strong stock within the auto ancillary space.
Investors tracking dividend-paying stocks may find this development noteworthy, especially as the ex-date approaches.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of financeXaditya. We advise investors to check with certified experts before making any investment decisions.
