1690% Dividend: Tyres Stock Set To Trade Ex-Dividend In 3 Days, Hits New 52-Week High

Large cap tyres sector stock, MRF Ltd is all set to trade ex-dividend on July 20, 2023 for final dividend of Rs 169/- per share of Rs 10/- each (1690%). Current market price of MRF share is Rs 1,02,000.00 per share on BSE at 1:43 pm. MRF Ltd stock traded its new 52-week high price in trade today. It has been hitting back-to-back new 52-week high for 5 days in a row since July 11, 2023. Check details below:

MRF Recommended Dividend of Rs 169/share: As per the BSE filing of MRF company dated May 3, 2023, "The Board of Directors have recommended a final dividend of Rs 169/- (1690%) per share of Rs.10 each. The Company has already declared and paid two interim dividends of Rs 3/- (30%) each per share for the financial year ended 31st March, 2023. The total dividend for the financial year ended 3pt March 2023 works out to Rs 175 (1750%) per share of Rs.10 each."

MRF Stock Performance & Return: Current market price of MRF share is Rs 1,02,000.00 apiece on BSE with intraday gain of 0.25%. The stock traded its new 52-week high price on July 11 July 12, July 13, July 14, and July 17. MRF shares surged 1.41% in last 1-week, gave return of 19% in last 3-months, 28% return in last 1-year, and 55% return in last 3-years.

MRF Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 5911.51 crore, up 3.42% from preceding quarter total income of Rs 5715.91 crore. Its latest quarter net profit after tax has been announced at Rs 340.67 crore.

MRF About: MRF (Madras Rubber Factory) is India's leading tyre manufacturing company. It was started in the year 1946 by K M Mammen Mappillai as a small toy balloon unit. Much later in November 1960 it ventured into manufacturing of tyres. The company entered into a technical collaboration with Tire & Rubber company, USA.

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