1,750 per cent dividend announced in this High ROE & High ROCE stock; do you own it?

From Rs 108.80 to Rs 2,533, the shares of the company gave multibagger returns of over 2,200 per cent in just 24 years.

Hero Moto Corp informed that the company board has approved 1,750 per cent or Rs 35 per equity share with a face value of Rs 2 per equity share. The dividend will be paid by September 08, 2023.  

Hero Moto Corp Ltd earlier also known as “Hero Honda” is one of India’s first motorcycle manufacturers. 

According to the financials, this S&P BSE 100 Index stock has a market cap of over Rs 50,000 crore. The company reported amazing numbers in its Quarterly Results and annual results. The net sales rose by 12.50 per cent and net profit rose by 30.60 per cent in Q4FY23 over Q4FY22. In FY23, net sales rose by 16.76 per cent and net profit rose by 20.22 per cent over FY22.  

The company is almost debt-free and the current debt of the company is just Rs 568 crore which is just 1 per cent of its market cap. The company has been maintaining a healthy dividend payout of 75 per cent. The stock is providing a good dividend yield of 3.78 per cent. The shares of the company have an ROE of 22 per cent and a ROCE of 24 per cent.  

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From Rs 108.80 to Rs 2,533, the shares of the company gave multibagger returns of over 2,200 per cent in just 24 years. 

On Friday, shares of Hero Moto Corp surged 1.11 per cent to Rs 2,542.05 per share from its previous closing of Rs 2,514.05 with the day’s high of Rs 2,561.15 and the day’s low of Rs 2,510.  Investors should keep an eye on this large-cap stock.