Tyre Sector Midcap Stock Recommends 120% Final Dividend, Stock Jumps 18% In 1 Month

CEAT Ltd. has recommended a final dividend of Rs 12 per equity share i.e. 120% of the face value of Rs. 10 each fully paid for the financial year ended March 31, 2023. CEAT is a leading tyre brand in India. It is a flagship company of the RPG Group. The company provides world-class products and services in more than 110 countries. It is a midcap Tyre sector company with a market capitalisation of Rs. 6,698.13 crore.

Recommends Rs. 12 Per Equity Share Final Dividend

In an exchange filing, the Board of Directors of CEAT Ltd. said, "Recommended final dividend Rs. 12/- (Rupees Twelve only), i.e. 120% (One hundred and twenty percent) per equity share of face value of Rs. 10 (Rupees Ten only) each fully paid up, for the financial year ended March 31, 2023, subject to the approval of the members at ensuing Annual General Meeting, which will be paid / dispatched within 30 days of its declaration thereat."

Stock's Current Market Price & Returns

The stock last traded at Rs 1,655.90/share on NSE. Up 1.07% from its previous close of Rs 1,638.30/share. The stock's 52 week high is Rs. 1,981/share and 52 week low is Rs. 890/share, respectively.

The stock has performed well over the past 5 years. It surged 18% in 1 week, and 14.41% in 1 month, respectively. It jumped 52.36% in 1 year, 114.45% in 3 years and 9.91% in 5 years, respectively.

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