Marico dividend 2024: FMCG stock trade ex-dividend today—check out record date, payment date

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Marico dividend 2024: FMCG stock trade ex-dividend today—check out record date, payment date

Marico dividend 2024, Marico share price BSE: Marico shares turned ex-dividend today, March 6. In a regulatory filing dated February 27, Marico announced an interim dividend of Rs 6.5 per equity share of Re 1 each for the financial year.

The stock of Mumbai-headquartered FMCG major, whose popular brands include Parachute, Nihar, Saffola, Livon and Set Wet opened at Rs 511.6 on NSE after dividend adjustment. 

Marico dividend 2024 record date

The company’s board had already fixed March 6 as the record date.

Marico dividend payment date

According to the FMCG company, the second interim dividend for the current financial year will be paid to such shareholders on or before March 28.

Marico Q3 results: How FMCG firm performed in the October-December (Q3 FY24) period

Marico reported a 15.9 per cent increase in consolidated net profit to Rs 386 crore while its revenue from operations declined 1.9 per cent to Rs 2,422 crore for the third quarter of the current financial year. READ MORE ON MARICO Q3 EARNINGS

Marico share price history

Marico shares have gained nearly five per cent in the last year, underperforming a 27 per cent rally in the headline Nifty50 index.

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