3M India declares special dividend of Rs 850 per share; record date fixed

alongside its quarterly outcomes on Wednesday introduced a particular dividend of Rs 850 per share for FY2023.

“We’d want to inform that on the Assembly of the Board of Administrators of the corporate held immediately on November 9, 2022, the board have inter-alia declared an Interim (Particular) Dividend of Rs 850/- per fairness share of face worth Rs 10/- every, for the monetary 12 months 2022-23,” stated the corporate in a submitting.

Additionally, the corporate has mounted the file date for the aim as November 22, whereas the dividend cost date is given as on or earlier than December 9, 2022.

The MNC inventory has been an underperformer with a destructive return of 14% within the final one 12 months.

Put up the outcomes and dividend announcement, the inventory ended larger by round 5% at Rs 23,484 per share.

3M India is a know-how firm that operates in areas reminiscent of industrial, packaging, healthcare, security and graphics and client.