Rs 100/Share Dividend: Large Cap Diversified Co Reports 24% Rise In Profit

Large cap company operating in Diversified sector, 3M India on Tuesday announced a 24% surge in its quarterly profit amid strong demand in its electronic and transportation segment. The consolidated profit after tax of 3M India jumped to 1.36 billion rupees for the quarter ended March 31 against 1.1 billion rupees announced in the corresponding quarter of last year. The company declared a final dividend of Rs 100/- per equity share. 3M India share price is Rs 24,912.20 apiece on BSE. Check details below:

3M India Declares Dividend: According to the BSE filing of the company, "We would wish to inform that at the Meeting of the Board of Directors of the Company held today i.e., on May 30, 2023, the Board recommended a final dividend of Rs. 100/-per equity share of Rs. 10/- each, for the financial year 2022-23, subject to approval of shareholders at the ensuing 36th Annual General Meeting (AGM).

3M India Sets Record Date For Dividend: The Board of Directors have fixed July 26, 2023 as the Record Date for determining the entitlement of the shareholders for the payment of aforesaid final dividend. The Final Dividend, if approved shall be paid/dispatched to the shareholders within 30 days from the date of AGM of the Company.

3M India Stock Performance & Return: The last trading price of 3M India share is Rs 24,912.20 per share with intraday gain of 3.24%. 3M India share 52-week high price is Rs 25,240.00 per share and 52-week low price is Rs 18,900 per share, respectively. 3M India share offered return of 16% YTD, 28% return in last 1-year, declined over 1% in last 2-years, rallied 36% in last 3-years.

3M India About: 3M India Limited is engage in the manufacturing of products for the electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. Its products include cable connectors, discrete modular and heat recoverable closures, electrical termination and splicing products, specialty pressure sensitive coated tapes, and specialty chemicals, among others.