3MINDIA
3M India Ltd
₹31,805.85
3M India Ltd Dividend 2023 : 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 ₹35,957.89Cr. Its share price is ₹31,805.85 as on 3 October,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, 3M India Ltd gave ₹950 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 2023, 3M India Ltd has declared dividend of ₹100 - translating a dividend yield of 2.99%.
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 ₹1,064.82Cr in the quarter ending June 2023. The revenue grew by 11.49% year on year basis since last quarter.
- 3M India Ltd’s profits were ₹129.21Cr in the quarter ending June 2023. The profits grew by 53.35% year on year basis since last quarter.
- 3M India Ltd’s dividend was ₹100 in the quarter ending March 2023.
3M India Ltd Dividend related ratios:
- Last dividend date: 30/05/2023
- Current Dividend Yield: 2.99%
- Annual dividend payment: ₹950
History of 3M India Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
26/07/2023 | CASH | ₹100 | 30/05/2023 | 26/07/2023 |
21/11/2022 | CASH | ₹850 | 09/11/2022 | 22/11/2022 |
