Rs 100/Share Dividend: Diversified Stock To Go Ex-Dividend, Record Date 4 Days Away

Large cap stock operating in diversified sector, 3M India Ltd will trade ex-dividend on July 26 for Rs 100/share dividend. The company on May 30 recommended final dividend of Rs 100/- per equity share dividend of Rs 10 each. 3M India shares witnessed a decline of 1.31% in last 1-week. Check details below:

3M India To Go Ex-Dividend: 3M India shares will be trading ex-dividend on July 26. The company on May 30, 2023 fixed July 26, 2023 as the record date for the payment of final dividend.

As per the BSE filing of 3M India dated May 30, "The Board recommended a final dividend of Rs. 100/-per equity share of Rs. 10/- each, subject to approval of shareholders at the ensuing Annual General Meeting. The said final dividend, if declared, by the shareholders at the ensuing Annual General Meeting will be paid/dispatched within 30 days after the Annual General Meeting. The Board of Directors have fixed July 26, 2023 as the Record Date for determining the entitlement of the shareholders for the payment of aforesaid Final Dividend subject to approval of shareholders at ensuing Annual General Meeting."

3M India Dividend History: 3M India announced 3 dividends since April 2003. For the year ending March 2023, the company announced an equity dividend of 9500.00% or Rs 950 per share. If 3M India's current share price of Rs 27980.20 apiece is taken into consideration, it offers a dividend yield of 3.39%.

3M India Dividend Stock Performance & Return: Last trading price of 3M India share is Rs 27,980.20 per share on BSE. Its 52-week high price is Rs 29,150.00 per share and 52-week low price is Rs 21,380.70 per share, respectively. Its market capitalisation is Rs 31,519.89 crore. 3M India shares offered 25% return in last 3-months, 23% return in last 6-months, gave return of 22% in last 1 year, and jumped 30% in last 3-years.

3M India Dividend Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 1055.90 crore, up 5.06% as compared to last quarter total income of Rs 1005.02 crore. It announced its recent quarter net profit after tax at Rs 135.72 crore.

3M India Dividend About: 3M India Ltd (3M India) a subsidiary of 3M Co. It is an industrial equipment company. 3M India carries out the design, manufacture and distributes specialized tools and services for diverse markets, among others.

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