The Board of Directors of M&M Financial Services Ltd (M&MFIN) held its meeting on April 23, 2021. It has declared Dividend of Rs 0.8 per equity share for the financial year 2020-21. The Meeting of the Board of Directors commenced at 2:34 p.m. (IST) and concluded at 7:00 p.m. (IST).
M&M Financial Services Ltd Q4 Result
The company reported 8.4% decline in consolidated net profit to Rs 218.84 crore on 3% fall in total income to Rs 3038.37 crore in Q4 March 2021 over Q4 March 2020. The NBFC’s profit before tax fell 16.6% to Rs 255.65 crore in Q4 March 2021 over Q4 March 2020.
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M&M Financial Services Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 19 July 2021 as the Record date. Payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on Monday, 19 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:
The Board of Directors of the Company at its Meeting held today, i.e. on 23rd April, 2021, has recommended a Dividend of Re. 0.80 per Equity Share of the face value of Rs. 2 each (i.e. 40%) for the Financial Year ended 31st March, 2021.
Important Dates
- Company – M&M Financial Services Ltd
- Script Name – M&MFIN (NSE) and 532720 (BSE)
- Dividend Amount – 0.8 Rs Per Share
- Dividend Type – Normal
- Ex-Dividend Date – 16 July 2021
- Record Date – 19 July 2021
- Payment Date – 25 August 2021
Also, you can find more information about M&M Financial Services Ltd on National Stock Exchange and Moneycontrol – Mahindra & Mahindra Financial Services Limited (MMFSL) is an India-based, non-banking finance company. MMFSLs product portfolio, providing the services include vehicle loans, refinancing & housing finance
