Dividend Stock: There is good news for investors betting on dividend paying companies. 3M India Ltd has announced final dividend. The company will do it as ex-dividend trade next week. Let us know about this stock in details –
Record date this week
3M India Limited has decided to pay a final dividend of Rs 160 on one share. Also, the company will give a special dividend of Rs 525 on every share. Eligible investors will get a profit of Rs 685 per share. The company will trade in the stock market as an ex-dividend stock on July 5. That is, only those investors whose name will be in the record book of the company on this day will get the benefit of dividend.
The company first traded as an ex-dividend stock on November 21, 2022. Then the company had given a final dividend of Rs 850.
Company is giving 1 share free for 1 share, also announced dividend, price less than Rs 400
How is the company performing in the stock market?
Shares of 3M India Limited closed at Rs 36,823.40, down 1.84 percent. In the last one year, the company’s share prices have seen an increase of 35 percent. At the same time, stock prices have increased by 4.9 percent in 6 months. Let us tell you, the stock has increased by 8.5 percent in the last one month. The 52 week high of the company is Rs 39,809.65. The 52 week low level of the company is Rs 26,650.
The total stake of the promoters in the company is 75 percent. Whereas the public’s share is 12.89 percent. The total stake of mutual funds in the company is 7.21 percent. At the same time, the total stake of foreign investors is 3.64 percent. Foreign investors hold 3.56 per cent till the December quarter.
