Marico Limited, together with its subsidiaries, manufactures and markets consumer products. It offers coconut oils, hair oils, refined edible oils, anti-lice treatments, fabric care, immunity boosting and healthy foods, hair gels, hair serums, shampoos, hair creams and conditioners, deodorants, body lotion and gels, shower gels, hair relaxers and straighteners, fabric care, baby care, and skin care and male grooming products, as well as hygiene products. The company markets its products under the Parachute, Parachute Advansed, Nihar Naturals, Saffola, Saffola FITTIFY Gourmet, Saffola Immuniveda, Hair & Care, Coco Soul, Beardo, Just Herbs, Revive, Mediker, Livon, and Set-wet brand names in India; and under the Parachute, Parachute Advansed, Fiancée, Hair Code, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-men, Mediker SafeLife, Isoplus, and Thuan Phat brand names internationally. Its distribution network comprises regional offices, carrying and forwarding agents, redistribution centers, and distributors. The company was incorporated in 1988 and is headquartered in Mumbai, India.
Marico Dividend Announcement
• Marico announced a semi annually dividend of ₹6.50 per ordinary share which will be made payable on 2024-03-28. Ex dividend date: 2024-03-06
• Marico annual dividend for 2024 was ₹6.50
• Marico annual dividend for 2023 was ₹7.50
• Marico's trailing twelve-month (TTM) dividend yield is 1.03%
• Marico's dividend growth over the last five years (2018-2023) was 10.76% year
• Marico's dividend growth over the last ten years (2013-2023) was 19.62% year
Marico Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-06 | ₹6.50 | semi annually | 2024-03-28 |
2023-11-07 | ₹3.00 | semi annually | 2023-11-29 |
2023-03-08 | ₹4.50 | semi annually | 2023-03-29 |
2022-02-04 | ₹6.25 | semi annually | 2022-02-25 |
2021-11-08 | ₹3.00 | semi annually | 2021-11-26 |
2021-03-10 | ₹4.50 | semi annually | 2021-04-02 |
2020-11-05 | ₹3.00 | semi annually | 2020-11-27 |
2020-03-16 | ₹0.75 | semi annually | 2020-04-05 |
2020-02-06 | ₹3.25 | semi annually | 2020-02-28 |
2019-11-04 | ₹2.75 | semi annually | 2019-11-22 |
2019-02-12 | ₹2.75 | semi annually | 2019-03-06 |
2018-11-12 | ₹2.00 | semi annually | 2018-11-29 |
2018-02-16 | ₹2.50 | semi annually | 2018-03-09 |
2017-11-06 | ₹1.75 | semi annually | 2017-11-29 |
2017-02-09 | ₹2.00 | semi annually | 2017-03-03 |
2016-11-16 | ₹1.50 | semi annually | 2016-12-02 |
2016-03-17 | ₹1.00 | semi annually | 2016-03-30 |
2016-02-05 | ₹1.50 | semi annually | 2016-02-29 |
2015-11-09 | ₹1.75 | semi annually | 2015-12-01 |
2015-02-06 | ₹1.50 | semi annually | 2015-03-02 |
2014-11-13 | ₹1.00 | semi annually | 2014-12-07 |
2014-03-27 | ₹1.75 | semi annually | 2014-04-22 |
2014-02-06 | ₹1.00 | semi annually | 2014-02-28 |
2013-11-01 | ₹0.75 | semi annually | |
2013-05-03 | ₹0.50 | semi annually | 2013-05-28 |
Marico Dividend per year
Marico Dividend growth
Marico Dividend Yield
Marico current trailing twelve-month (TTM) dividend yield is 1.03%. Interested in purchasing Marico stock? Use our calculator to estimate your expected dividend yield:
Marico Financial Ratios
Marico Dividend FAQ
Other factors to consider when evaluating Marico 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.
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1. Determination of Dividend: Marico'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, Marico 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, Marico 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 Marico 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: Marico 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, Marico distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Marico 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 Marico'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 Marico'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.