3M India Ltd. has announced a big dividend for its shareholders. The company will pay a total dividend of ₹506 per share, which includes both a special dividend and a final dividend.
If you own the company’s shares, this is an important date to keep in mind.
Record Date Fixed for July 17
According to the company’s filing with the stock exchanges, shareholders will receive a special dividend of ₹346 per share along with a final dividend of ₹160 per share. This takes the total dividend payout to ₹506 per share.
The company has fixed July 17 as the record date. Only investors whose names appear in the company’s shareholder records on this date will be eligible to receive the dividend.
3M India has rewarded its investors with dividends in the past as well. The company paid ₹850 per share in 2022 and ₹100 per share in 2023.
Share Price Performance
3M India shares ended Friday’s trading session at ₹35,357.30, gaining more than 1% during the day.
The stock has delivered strong returns over different time periods:
Up 11.8% in the last one month
Gained 12% in the last three months
Rose 18% over the past one year
The stock’s 52-week high is ₹38,300, while the 52-week low is ₹28,747.30. The company’s current market capitalization stands at ₹39,830.25 crore.
Long-Term Returns
Over the long term, 3M India has delivered steady gains to investors.
The stock has risen around 26% in the last three years and 44% over the past five years. In the last 10 years, it has generated a return of 157%. During the same period, the Sensex has delivered a return of 185%.
According to BSE data, the company’s promoters hold a 75% stake, while public shareholders own the remaining 25%.
