Rs 850 Dividend Stock: 3M India fixes Ex Date, Record Date and Payment Date | 3M India Share Price NSE

3M India Dividend Stock, 3M India Share Price NSE: 3M India Limited, an Indian Subsidiary of US based 3M Company, has announced an interim special dividend for its shareholders. The company, in an exchange filing, said that it would pay a whopping 8500 per cent interim dividend. This translates into Rs 850 per share. 

"The Board of Directors declared Interim (Special) Dividend of Rs.850/- per Share on 1,12,65,070 Nos. of Equity Shares of Rs. 10/- each (F.V.) for the financial year 2022-23," the company said in an exchange filling. 

The company was established in 1988 and its headquarters is in Bengaluru. The decision in this regard was taken during the meeting of the Board of Directors of the Company on November 9.

3M India Dividend Record Date 2022

3M India Limited, which leverages its global innovation expertise to develop homegrown solutions that address the unique needs of diverse customers in India, has fixed November 22, 2022 as the record date for this purpose.

The record date is a date that helps a company to determine investors who will eligible to receive the benefits of corporate actions like dividends, bonus, split and others. Therefore, the investors having shares of 3M India in their Demat account on November 22 (Tuesday) would be eligible to receive a dividend of Rs 850. 

3M India Dividend Ex-Date 

An ex-date is a business day prior to the record date. On this date, the share will trade ex-dividend. Therefore, in this case, the ex-date would be November 21. In order to receive benefits like dividends, bonus, share split and others announced by the company, an investor needs to make sure that he or she buys the share before the ex-date. This is because most companies usually follow the T+1 settlement process.

3M India Dividend Payment Date

The payment date is the day on which a company credits the declared stock dividend in the Demat accounts of eligible investors. This date is usually up to a month after the ex-dividend date. 

3M India has not mentioned the exact date for this purpose in its exchange filing. 

3M India Dividend History

Earlier to this, 3M India had announced a dividend in August this year.

3M India Share Price

The stock of the company has surged around Rs 1,101, or 4.92 per cent, to trade at Rs 23,501. It had closed at Rs 22,400.70 in the last trading session.

The 52-week high and low of the scrip are Rs 27,662 and Rs 17,273. 

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