325% Dividend Ahead! THIS Mahindra Stock To Trade Ex-Dividend On July 8; Do You Own?

Upcoming Dividend: Shares of Mahindra & Mahindra Financial Services Limited ended in green on Monday, a day prior to its dividend record date. The Mahindra Group stock will trade ex-dividend on Tuesday, July 15 for a 325% dividend announced for its shareholders in financial year 2024-25.

Mahindra & Mahindra shares ended 0.86% higher at Rs 268.2 per share on BSE on Monday, July 14. The company scrip had touched an intraday high mark of Rs 268.75 per share and an intraday-low mark of Rs 265.15 per share.

Mahindra & Mahindra Financial Services Limited Dividend

The company, in April, had announced a bumper dividend of 325% for its eligible shareholders for FY25. The M&M Financial Services dividend will be paid to investors only after approval from annual general meeting (AGM).

The company's board of directors' meeting had "recommendation of dividend of Rs. 6.50 per equity share of face value of Rs. 2 each (i.e. 325%) for the financial year ended 31st March 2025. The dividend payout is subject to the members' approval at the ensuing 35th Annual General Meeting ("AGM") of the Company," read a company's press release dated 22 April, 2025.

M&M Financial Services Dividend Record Date: How To Become Eligible For Payout?

The company had fixed July 15 as the dividend record date to determine the eligibility of shareholders for the dividend payout. For stock market traders and investors to become eligible for the M&M Financial's payout, it is important for them to own the company's shareholders on or before the dividend record date, ie July 15.

The dividend "will be paid to those shareholders whose name appears as a beneficial owner in the list of beneficial owners to be furnished by National Securities Depository Limited/ Central Depository Services (India) Limited in case of shares held in electronic form, or as a member in the register of members of the Company in case of shares held in physical form, as at the close of business hours on Tuesday, 15th July 2025 (Record date for Dividend), subject to approval of the members of the Company at the ensuing 35th Annual General Meeting to be held on Tuesday, 22nd July 2025. Dividend, if approved, by shareholders will be paid after 22nd July 2025."

The dividend payout will be executed to shareholders on or after July 22."Payment of dividend, if declared at the 35th AGM to be held on 22nd July 2025," read a company press release.

M&M Financial Services Share Price Trend

The company scrip ended at Rs 268.20 per share on BSE on Monday. The stock touched its 52-week high mark of Rs 333.64 per share on BSE on 7 September, 2024. Whereas, the stock had dipped to its 52-week low mark of Rs 235.47 on 7 April, 2025. The stock valuation has increased by 4.83% in three months, whereas it has surged by 3.74% year to date (YTD). However, the stock's valuation has declined by 7.55% un one year.