The price of this stock is the highest in the Indian stock market. The company has announced a huge dividend this time. The company is giving a dividend of Rs 194 per share. The record date of which is this week. Let's know about this stock in detail.
In May, the company had said that a final dividend of Rs 1 would be paid. The company has fixed the record date for this dividend as July 25, 2024. That is, only the holder of this share on this day will get the benefit of the dividend.
The company traded as an ex-dividend stock in February this year. Then the company gave a dividend of 3 rupees. Let us tell you that last year also in the same month, MRF did ex-dividend trade. At that time, the company gave a dividend of Rs 169 per share.
The company paid dividend for the first time in 2000. Then the company gave a dividend of 3 rupees per share. The company has been paying dividends continuously since then, so the 2024 dividend will be the 25th dividend.
Shares of the company closed down 3.25 percent at Rs 127,988.75 on Friday. The stock price of the company has increased by 25.70 percent in the last one year.
At the same time, the stock price has fallen 11.90 percent in 6 months. The good news for investors is that the stock has gained 1.4 percent in the past one month.
MRF has a 52-week high of Rs.151,283.40 and a 52-week low of Rs.101,447. The market cap of the company was Rs 54,281.86 crore.
Note: Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.
