Dividend Rs 685: Record date on July 5 – Check company name

 

Dividend Rs 685: The company has said that it would issue a last dividend in fiscal year 2024 as well as a special dividend to its shareholders.

The board of company has suggested a final dividend of 1,600 per cent. (Image: Shutterstock/ET NOW News)

Dividend Rs 685: 3M India, a diversified technology and scientific firm, plans to pay a dividend to its stockholders. The company has said that it would issue a last dividend in fiscal year 2024 as well as a special dividend to its shareholders. 3M India had already established the ex-date and record date for their future dividend.

Rs 525 Special Dividend By 3M India

The board of 3M India has suggested a final dividend of 1,600% on each stock worth Rs 10. Furthermore, the board declared a special dividend of 5,250 percent on each share. According to the computations, the 160 percent final dividend translates into a payment of Rs 160, while the 5,250 percent special dividend results in a payout of Rs 525.
Overall, 3M India will pay a cash incentive or dividend of Rs 685 per stock to its shareholders. "The Board recommended a Final Dividend of Rs 160 and a Special Dividend of Rs 525 per equity share of Rs 10 each, for the financial year 2023-24," the company said in a exchange filing.

3M India Dividend Ex Date, Record Date

According to the BSE website, 3M India shares will trade ex-date on July 5 for a dividend of Rs 685. The final and special dividend of Rs 685 will be given to qualifying shareholders 30 days following the firm's AGM.
The record date for 3M India dividends is July 5. "The Board of Directors have fixed July 5, 2024 (Friday) as the Record Date for determining the entitlement of the shareholders for the payment of aforesaid Dividends", according to the BSE website.
3M India has only issued dividends twice in its entire history. In November 2022, the company handed out its first dividend, a special dividend of Rs 850. The second dividend was a last payment of Rs 100 in July 2023.

3M India Dividend Yeild

At the current market price, 3M India's dividend yield comes at 0.43 per cent, as on June 27
Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.

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