MRF Dividend: MRF shares have the highest price in the Indian stock market. The company has announced a huge dividend this time. The company is giving a dividend of Rs 194 on one share. The fixed record date for which is this week. Let us know about this stock in details –
What day is the record date?
The company had said in the information given to the stock markets in May that a final dividend of Re 1 will be given. The company has set the record date for this dividend as July 25, 2024. That means, only those who hold MRF shares on this day will get the benefit of dividend.
There was a rush to bet on IPO on the very first day, 100% subscribed, price less than ₹ 100
The company did dividend trade last year
The company traded as an ex-dividend stock in February this year. Then the company had given a dividend of Rs 3. Let us tell you, last year also in the same month MRF had done ex-dividend trade. Then the company had given a dividend of Rs 169 on one share.
The company gave dividend for the first time in 2000. Then the company had given a dividend of Rs 3 on one share. Since then the company has been continuously paying dividends.
How is the company’s performance in the stock market?
On Friday, the company’s shares closed at the level of Rs 127988.75 with a decline of 3.25 percent. The price of the company’s shares has increased by 25.70 percent in the last one year. At the same time, the stock price has fallen by 11.90 percent in 6 months. The good thing for investors is that the stock has risen 1.4 percent in the last one month.
52 week high of MRF is Rs 151,283.40 and 52 week low level is Rs 101,447. The market cap of the company was Rs 54,281.86 crore.
