The board of directors of Mahindra & Mahindra (M&M) on Thursday, May 16, recommended a dividend of Rs 21.10 per equity share for FY24, according to a stock market disclosure. 

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Through a BSE filing, M&M said, "Recommendation of a Dividend of Rs. 21.10 (422%) per Ordinary (Equity) Share of the face value of Rs. 5 each."

Mumbai-based automobile manufacturer M&M has also announced its financial results for the fourth quarter ended on March 31, 2024, along with a dividend announcement.

M&M furthe informed that the payment of dividend will be made on 31 July, 2024.

Meanwhile, shares of M&M were trading at Rs 2,315 each, up 0.54 per cent on BSE today, May 15 at 2.10 PM IST.