Suzuki Motor's India Unit to Pay Record Dividend as Profit Jumps
- Suzuki unit pays out 75 rupees per share in full-year dividend
- Maruti boosts profit with sales of higher-priced models
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Suzuki Motor Corp.’s India unit will pay a record dividend after the country’s top-selling automaker posted its highest-ever net income, buoyed by the sale of more expensive models.
Maruti Suzuki India Ltd. will more than double the dividend per share it will pay for the year through March to 75 rupees ($1.2), up from 35 rupees a year earlier. The automaker’s dividend policy has been modified to be as much as 40 percent of profit, compared with an earlier cap of 30 percent, Chairman R. C. Bhargava said at a press conference in New Delhi Thursday.