{"id":72715,"date":"2022-11-11T12:00:00","date_gmt":"2022-11-11T06:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=72715"},"modified":"2022-11-11T11:58:04","modified_gmt":"2022-11-11T06:28:04","slug":"largecap-stock-declares-a-dividend-of-850-per-share-check-the-details-here","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/largecap-stock-declares-a-dividend-of-850-per-share-check-the-details-here\/","title":{"rendered":"Largecap stock declares a dividend of \u20b9 850 per share: Check the details here\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-424290901\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The board of 3M India Ltd, the Indian subsidiary of US-based company 3M has announced an interim special dividend for its shareholders. This dividend is a whopping 8500% of the face value of its shares. Its shares were trading at \u20b9 23,800.00 apiece at 11:32 AM on Friday.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-776535083\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company informed the bourses that in its meeting held on November 09, 2022, its board of directors declared an interim (special) dividend of \u20b9 850 per equity share of face value \u20b9 10 each, for the financial year 2022-23.\u00a0This takes the company\u2019s dividend yield to a good 3.57%.\u00a0<\/p><p>Its board of directors have fixed November 22, 2022, as the record date for determining the entitlement of the shareholders for the payment of the aforesaid dividend. This dividend shall be paid\/ dispatched to the shareholders on or before November 09, 2022.\u00a0<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/3MINDIA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">3M India<\/a><\/strong> is a diversified science and technology company. It manages its operations in four operating segments: safety &amp; industrial, transportation &amp; electronics, health care and consumer.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2171697010\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It is a large-cap company with a market capitalization of \u20b9 26,545 crores. However, its shares have underperformed in the past year as they gave negative returns of 10.88%. It has a return on equity of 13.29% and an ideal debt-to-equity ratio of 0.01. Its shares are trading at a price-to-equity ratio (P\/E) of 81.39, which is multiple times higher than the Industry P\/E of 12.16, therefore the stock might be overvalued.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3155860373\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The board of 3M India Ltd, the Indian subsidiary of US-based company 3M has announced an interim special dividend for its shareholders. This dividend is a whopping 8500% of the face value of its shares. Its shares were trading at \u20b9 23,800.00 apiece at 11:32 AM on Friday.\u00a0 The company informed the bourses that in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[5131,5133,5132,57,3443,3402,58,62,3025,4674,4163,5134,3026],"class_list":["post-72715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-3m-india","tag-3m-india-dividend","tag-3m-india-share-price","tag-dividend","tag-dividend-declared","tag-dividend-payout","tag-dividend-stocks","tag-dividend-stocks-yield","tag-dividends","tag-ex-dividends-this-week","tag-large-cap-stocks","tag-november-dividend","tag-upcoming-dividends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Largecap stock declares a dividend of \u20b9 850 per share: Check the details here\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/largecap-stock-declares-a-dividend-of-850-per-share-check-the-details-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Largecap stock declares a dividend of \u20b9 850 per share: Check the details here\u00a0\" \/>\n<meta property=\"og:description\" content=\"The board of 3M India Ltd, the Indian subsidiary of US-based company 3M has announced an interim special dividend for its shareholders. 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