Today is the final chance for investors to purchase MRF shares to qualify for its dividend payout, as the stock will trade ex-dividend tomorrow.
MRF, India's leading tyre manufacturer, has announced a final dividend of ₹169 per share and a special dividend of ₹50 per share, making a total of ₹219 per share. This is part of the company’s strategy to reward its shareholders. The record date for eligibility is October 16, 2024. MRF shares are trading near ₹1 lakh each, making them among the costliest on Indian exchanges.