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. Then in this article know about the company and share price in detail.
This week is a record date
3M India Limited has decided to pay a final dividend of Rs 160 per share. Apart from this, the company paid Rs. 525 as special dividend. In which investors per share Rs. 685 will benefit. 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 performance of the company in the stock market?
Shares of 3M India Ltd on June 28 fell 2.04 percent to Rs. 36,701.05 to close. In the last one year, the share price of the company has seen an increase of 35 percent. So in 5 years the share price has increased by 58 percent. Let us tell you that the stock has increased by 9.5 percent in the last one month. The stock's 52-week high is Rs 39,876. While the 52-week low is Rs. is 26,6628.
The total share of the promoters in the company is 75 percent. While public share is 12.89 percent. The total share of mutual funds in the company is 7.21 percent. So the total share of foreign investors is 3.64 percent. The company manufactures industrial equipment and products.
. Source
