The Board of Directors of Mahindra & Mahindra Ltd (M&M) at its meeting held on May 28, 2021, has declared Final Dividend of Rs 8.75 per equity share. The Meeting of the Board of Directors of the Company commenced at 11.15 a.m. and concluded at 2.10 p.m.
Mahindra & Mahindra Ltd Quarterly Result
The company reported a combined net profit of Rs 163 crore for the quarter ended March 2021 as compared to a net loss of Rs 3,255 crore in the year-ago period. Its combined revenues during the quarter increased 48 percent to Rs 13,338 crore from Rs 9,005 crore, YoY.
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Mahindra & Mahindra Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 16 July 2021 as the Record date. The Dividend shall be paid to those whose names appear as Beneficial Owners as at the end of the business hours on Friday, 16th July, 2021, in the list of Beneficial Owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited.
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Above all, here is the copy of statement, the company has sent to the exchanges:
This is to inform you that the Board of Directors of the Company at its Meeting held on
28th May, 2021, has recommended Dividend of Rs. 8.75 (175 %) per Ordinary (Equity) share of the face value of Rs. 5 each. The dividend will be paid/dispatched after 6th August, 2021 to eligible shareholders.
Important Dates
- Company – Mahindra & Mahindra Ltd
- Script Name – M&M (NSE) and 500520 (BSE)
- Dividend Amount – 8.75 Rs Per Share
- Dividend Type – Final
- Ex-Dividend Date – 15 July 2021
- Record Date – 16 July 2021
- Payment Date – On or after 6th August, 2021
Also, you can find more information about Mahindra & Mahindra Ltd on National Stock Exchange and Moneycontrol – Mahindra & Mahindra Ltd is one of the largest vehicle manufacturers by production in India and the largest manufacturer of tractors in the world.
