Analysis of Dividend Policy of Hero Honda Motors India, world's largest manufacturer of motorbikes Free Essay, Term Paper and Book Report
Analysis of the Dividend Policy of Hero Honda Motors Limited, India
Highlights
Worlds largest two-wheeler manufacturer and the domestic market leader in the motor cycle segment, Hero Honda Motors Limited (Hero Honda) has a history of rewarding shareholders handsomely. In fact the company has paid high dividends since 1991, the year coinciding with the liberalisation of Indian economy. In 2001-02, it paid 850% dividend which was about 76% of its net profits. In 2002-03, Hero Honda announced a 900% dividend, again more than two-thirds of its net profits. In 2003, it declared a final dividend of INR10 per share and a special dividend of INR 8 per share, on a share having par value of INR 2. This amounted to almost 70% payout of profits. From 2003-04 to 2005-6, the company has paid 1000% dividend for the third consecutive year.
The company's high dividend payouts have attracted significant media attention. Many analysts wonder whether it was prudent to make such high payouts at a time when competition was intensifying. Another interesting factor is that the company has no long......
Word Count: 4848
Page Count: 19.3 (250 words a page / double spaced)
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