Hero Honda Declares 3,500% Interim Dividend

NEW DELHI Hero Honda declared a 3,500% interim dividend of . 70 per equity share of . 2 each. In its board meeting held on Wednesday, the company considered an interim dividend at the rate of 3500%, Hero Honda said in a communication to BSE. The company, which has huge cash reserves in excess of . 4,000 crore, did not mention the capital outgo due to the dividend payments. An email query to the company went unanswered.