Hero MotoCorp declares interim dividend of Rs 40 per share

Company had reported a 13.6% rise in sales at 5,50,992 units in February this fiscal

Country's largest two-wheeler maker Hero MotoCorp today declared an interim dividend of Rs 40 per equity share for the financial year ending March 31.

"The Board of Directors of the company at its meeting held on March 10, 2016 has approved and declared the interim dividend at the rate of 2,000% i.e. Rs 40 per equity share of Rs 2 each for the financial year ending March 31, 2016," Hero MotoCorp Ltd said in a BSE filing.

Read more from our special coverage on "HERO MOTOCORP"

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• Hero MotoCorp sales rise 14% in February

Earlier this month, Hero MotoCorp reported a 13.6% rise in sales at 5,50,992 units in February as against 4,84,769 units in February last year.

"These numbers have been possible in spite of the production at Hero's manufacturing facilities in Gurgaon and Dharuhera in Haryana and at Neemrana in Rajasthan being impacted for a few days due to local agitations in the region during the month," the company said.

Through relentless effort, the company made up for the lost days when dispatches from these plants were affected due to blockade of the national highways and other roads, it said.