business 💰 Auto stock declares massive 25-year dividend
Federal-Mogul Goetze (India) Ltd declared a total dividend of ₹94 per share, consisting of ₹86.50 special and ₹7.50 interim. This happened following a nearly 25-year gap since its last ex-dividend trade on 10th August 2001. The company fixed the record date for September 4, 2026, with payments due by September 25, 2026. The news caused the stock to surge almost 10% in Friday's trading session. This massive payout reflects the company's financial standing. 📈