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2 Large & Mid Cap Stocks To Go Ex-Dividend On July 26 For Up To 1000% Final Dividend
3M India Ltd. and Cummins India Ltd. are two midcap and large-cap stock that are all set to trade ex-dividend on Jul 26, 2023. The two stocks currently trading near their 52-week high. Check below to know more:
1. 3M India Ltd.
3M India is all set to trade ex-divided on Jul 26, 2023, for a final dividend of 1000%. 3M India is a midcap Diversified sector company. The market cap of the company is Rs 31,519.89 Crore.
In the Board meeting held on May 30, 2023, the Board recommended 100% final dividend i.e. Rs 100/share of Rs 10/- each, for the financial year 2022-23. The Board also fixed Jul 26, 2023, as the Record date for the recommended dividend.
"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)," the Board said in an exchange filing.
The Board also fixed the record date for the said dividend. The Board said, "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."
Meanwhile, the stock last traded at Rs 2,7980.20 apiece on BSE. Currently, trading 4.21% below its 52-week high of Rs 29,159 apiece. Its 52-week low is Rs 21.390.70 apiece.
It has fallen 1.31% in 1 week. It gained 24.91% in 3 months. In 1 year, it gave 21.67% positive return in 1 year, 15.11% in 2 years, 30.10% in 3 years, and 20.43% in 5 years, respectively.
2. Cummins India Ltd.
Cummins India to traded 650% ex-dividend on Jul 26, 2023, according to the record date set by the Board. Cummins India is a large cap Diesel Engines sector company. The company has a market cap of Rs 52,167.65 Crore.
On May 24, 2023, in an exchange filing, the Board recommended the final dividend and also announced the Record Date for the recommended dividend as Wednesday, Jul 26, 2023. The Board recommended a final dividend of 650% i.e. Rs 13/share dividend of face value of Rs 2/- each for the Financial Year 2022-23 for the financial year 2022-23.
According to an exchange filing by the company, "the Board of Directors have recommended Final Dividend of Rs. 13/- (650%) per equity shares on 277,200,000 equity shares (Face Value Rs. 2/- each fully paid up) for the financial year ended on March 31, 2023, in addition to the interim dividend of Rs. 12/- per share declared on February 08, 2023. The said final dividend, if approved by the Members at the Annual General Meeting, will be paid on August 31, 2023."
| Stock Exchange | Security Code | Type of Security | Record Date | Purpose |
|---|---|---|---|---|
BSE NSE | 500480 CUMMINSIND | Equity Shares of the face value of Rs. 2/- each fully paid | July 26, 2023 (Wednesday) | Record date for AGM scheduled on August 03, 2023 and payment of final dividend of Rs. 13/- (650%) per equity share on 277,200,000 equity shares face value of Rs. 2/- each for the FY 2022-23, subject to the approval of shareholders at AGM. |
On Friday, the stock of Cummins India closed 1.78% down at Rs 1,881.95 apiece on BSE. The stock is currently trading 3.83% down from the 52-week high of Rs 1,953.95 apiece on BSE. Its 52-week low is Rs 1,105.80 apiece.
In 1 week, it has fallen 1.85%, while in 3 and 6 months, it gained 21.84% and 30.05%, respectively. In 1 year, it gained 53.97%. While in 2 years, it gained 120.36%. In 3 and 5 years, it gained 385.23% and 198.15%, respectively.
Disclaimer -The stocks just highlight the dividend and are not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.
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