3M India (3MINDIA.NS) Dividend: History, Dates & Yield - 2024
Dividend History
3M India announced a annually dividend of ₹160.00 per ordinary share, payable on 2024-09-06, with an ex-dividend date of 2024-07-05. 3M India typically pays dividends one times a year, compared to ₹160.00 in 2024.
Find details on 3M India's dividend performance with a comprehensive history of past and upcoming payments.
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-05 | ₹160.00 | annually | 2024-09-06 |
2023-07-26 | ₹100.00 | annually | 2023-09-24 |
2022-11-21 | ₹850.00 | annually | 2022-12-09 |
Dividend Increase
. In comparison, Honeywell Automation India has seen an average growth rate of 19.34% over the past five years and Abbott India's growth rate was 207.98%.
By comparing 3M India's dividend growth to other companies, investors can gain insight into how consistent its dividend strategy is and what that means for future payouts. However, dividend growth is just one factor to consider. Investors should also evaluate other metrics, such as earnings growth, payout ratio, and overall financial health, to get a full picture of Walmart's dividend sustainability and potential.
Dividend Yield
3M India's current trailing twelve-month (TTM) dividend yield is 0.55%. Over the last 12 months, 3M India has maintained this yield, but how does it compare to similar stocks? For example, Honeywell Automation India offers a yield of 0.25%, while Abbott India provides a yield of 1.44%. Comparing similar stocks can help investors assess 3M India's yield and make more informed decisions.
Company | Dividend Yield | Annual Dividend | Stock Price |
---|---|---|---|
3M India (3MINDIA.NS) | 0.55% | ₹160 | ₹29042.05 |
Honeywell Automation India (HONAUT.NS) | 0.25% | ₹100 | ₹40125 |
Abbott India (ABBOTINDIA.NS) | 1.44% | ₹410 | ₹28555.8 |
Dividend Yield Calculator
Interested in purchasing 3M India stock? Use our calculator to estimate your expected dividend yield and see how Walmart's consistent payouts could contribute to your long-term investment goals. Understanding your potential returns can help you make an informed decision.
Payout Ratio
3M India has a payout ratio of 0.00%. In comparison, Honeywell Automation India has a payout ratio of 0.00%, while Abbott India's payout ratio is 0.00%.
It's important to note that the payout ratio is just one of many metrics investors use to assess a company's dividend sustainability and growth potential. It should be considered alongside other financial indicators such as earnings, cash flow, and debt levels to gain a complete picture of the company's financial health.
About 3M India
- Global presence 3M India Limited manufactures and trades products for various industries in India
- Key Segments Safety and Industrial, Health Care, Transportation and Electronics, and Consumer
- Products/services Tapes, adhesives, medical supplies, personal protection products, and home and office tapes under brands like Scotch and Postit
- Financial stability Established in 1987, subsidiary of 3M Company, based in Bengaluru
Frequently Asked Question
Other factors to consider when evaluating 3M India as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Place an order: Use the brokerage's trading platform to place an order to buy 3M India stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: 3M India's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, 3M India publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, 3M India distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from 3M India are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: 3M India sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, 3M India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: 3M India declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of 3M India's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review 3M India's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.