Dividend Stock: There is good news for investors betting on dividend-paying companies. 3M India Limited has declared a final dividend. The company will trade as ex-dividend next week. Let’s know about this stock in detail –
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Record date this week
3M India Limited has decided to pay a final dividend of Rs 160 per share. Also, the company has paid Rs. 525 as special dividend. Eligible investors will be given Rs. 685 will be profit. The company will trade on 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 the dividend.
The company first traded as an ex-dividend stock on November 21, 2022. The company then gave a final dividend of Rs 850.
How is the company performing in the stock market?
Shares of 3M India Ltd fell 1.84 percent to Rs. 36,823.40 was closed. In the last one year, the share price of the company has seen an increase of 35 percent. At the same time, the share price has increased by 4.9 percent in 6 months. Let us tell you that the stock has increased by 8.5 percent in the last one month. The company’s 52-week high is Rs 39,809.65. The company’s 52-week low is Rs. 26,650 is
The total share of promoters in the company is 75 percent. While the share of public is 12.89 percent. The total share of mutual funds in the company is 7.21 percent. At the same time, the total share of foreign investors is 3.64 percent. Foreign investors held 3.56 percent stake as of December quarter.