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
3M India Ltd Dividend v/s 3M India Ltd Share price
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
Discover More Dividend Stocks in Financial Services Sector