3M India Ltd Dividend 2024 : Should 3M India Ltd be a part of your dividend portfolio?
3M India Ltd is one of the most popular Financial Services company in the world with a market capitalisation of ₹40,681.49Cr. Its share price is ₹35,463.55 as on 6 November,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, 3M India Ltd gave ₹785 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Financial Services stocks do not always pay a dividend but as 3M India Ltd pays dividends to reward its shareholders.
In the quarter ending March 2024, 3M India Ltd has declared dividend of ₹160 - translating a dividend yield of 2.21%.
Let's look at 3M India Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
3M India Ltd’s revenue were ₹1,068.33Cr in the quarter ending June 2024. The revenue grew by 0.33% year on year basis since last quarter.
3M India Ltd’s profits were ₹157.15Cr in the quarter ending June 2024. The profits grew by 21.62% year on year basis since last quarter.
3M India Ltd’s dividend was ₹160 in the quarter ending March 2024.
3M India Ltd Dividend related ratios:
Last dividend date: 28/05/2024
Current Dividend Yield: 2.21%
Annual dividend payment: ₹785
History of 3M India Ltd's Dividend payments
Ex/EFF DATE
TYPE
CASH AMOUNT
DECLARATION DATE
RECORD DATE
05/07/2024
CASH
₹160
28/05/2024
05/07/2024
05/07/2024
CASH
₹525
28/05/2024
05/07/2024
26/07/2023
CASH
₹100
30/05/2023
26/07/2023
21/11/2022
CASH
₹850
09/11/2022
22/11/2022
3M India Ltd Dividend v/s 3M India Ltd Share price
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