MRF Dividend History

mrf dividend history

Madras Rubber Factory(MRF) is an Indian multinational type manufacturing company that was founded in Tiruvottiyur, Madras, Tamil Nadu, India in 1946 by K. M. Mammen Mappillai. MRF headquarters is in Chennai, Tamil Nadu, India.

MRF’s key products include Tyres, Toys, Sports equipment, Conveyor belt, Paints, Coats.

A dividend is a small form of payment given out of the profits to shareholders of a company as a form of gratitude. They are nowadays considered an important test to see the company’s strength and determine the enterprise as a stable corporation. 

They have even become a form of secondary income for investors that want a maximum return from their portfolio. This article will cover everything you need to know about dividends before buying shares of a company.

MRF Dividend History

Announcement DateDividend (Rs)Dividend TypeDividend (%)Ex-Date
October 27, 20213Interim30November 17, 2021
June 7, 202194Final940August 4, 2021
June 8, 202150Special500August 4, 2021
January 28, 20213Interim30February 17, 2021
November 6, 20203Interim30November 18, 2020
June 29, 202094Final940September 14, 2020
February 10, 20203Interim30February 18, 2020
November 8, 20193Interim30November 21, 2019
May 2, 201954Final540August 1, 2019
February 7, 20193Interim30February 15, 2019
November 9, 20183Interim30November 19, 2018
May 3, 201854Final540August 1, 2018
February 1, 20183Interim30February 9, 2018
November 10, 20173Interim30November 21, 2017
May 5, 201754Final540July 27, 2017
February 3, 20173Interim30February 14, 2017
October 27, 20163Interim30November 8, 2016
May 3, 201694Final940August 3, 2016
October 29, 20150Interim30November 10, 2015
July 27, 20150Interim30August 6, 2015
November 26, 20140Final440February 4, 2015
October 30, 20140Interim30November 13, 2014
July 23, 20140Interim30August 6, 2014
November 28, 20130Final240January 30, 2014
October 24, 20130Interim30November 5, 2013
July 25, 20130Interim30August 6, 2013
November 29, 20120Final190January 30, 2013
October 25, 20120Interim30November 7, 2012
July 25, 20120Interim30August 6, 2012
November 29, 20110Final190January 30, 2012
October 20, 20110Interim30November 2, 2011
July 28, 20110Interim30August 9, 2011
November 25, 20100Final440January 28, 2011
October 21, 20100Interim30November 2, 2010
July 28, 20100Interim30August 6, 2010
December 21, 20090Final190February 25, 2010
October 27, 20090Interim30November 5, 2009
July 27, 20090Interim30August 6, 2009
December 19, 20080Final140March 6, 2009
October 21, 20080Interim30November 6, 2008
July 25, 20080Interim30August 8, 2008
December 14, 20070Final140March 5, 2008
October 25, 20070Interim30November 7, 2007
July 26, 20070Interim30August 10, 2007
December 20, 20060Final140March 9, 2007
October 30, 20060Interim30November 14, 2006
July 11, 20060Interim30August 3, 2006
December 20, 20050Final140March 10, 2006
October 18, 20050Interim30October 31, 2005
July 14, 20050Interim30August 1, 2005
December 23, 20040Final140March 3, 2005
September 14, 20040Interim30November 1, 2004
July 7, 20040Interim30August 4, 2004
December 19, 20030Final140February 26, 2004
July 2, 20030Interim30August 6, 2003
April 1, 20030Interim30May 5, 2003
December 20, 20020Final140March 4, 2003
September 25, 20020Interim30November 13, 2002
June 29, 20020Interim30August 9, 2002
July 29, 20020Interim30August 9, 2002
December 21, 20010Final90February 15, 2002
September 11, 20010Interim30October 17, 2001
June 27, 20010Interim30August 2, 2001
December 22, 20000Final90February 13, 2001
September 17, 20000Interim30November 16, 2000
June 11, 20000Interim30August 2, 2000

MRF has a good dividend track report and has consistently declared dividends for the last 5 years. MRF’s key products include Tyres, Toys, Sports equipment, Conveyor belt, Paints, Coats.

Is Dividend Good for the Company?

Yes, a dividend is good for the company because it makes it more attractive to the shareholders. The return of profits can be seen as a thank you note for the investors to trust the company. Dividends are a strong sign that the company’s balance sheet is strong and positive. 

Companies that pay dividends with consistent returns tend to be highly valued stocks with high market share rates. High stock price means larger market capitalization, and the company has a larger credit score to take on debt.

Who is Eligible for a Dividend?

Any shareholder owns a company’s stock for more than one business day before the ex-date dividends are paid out.

How do Dividends Get Paid?

Dividends are paid to the shareholder through a cheque that the shareholder can encash. A shareholder can also apply to receive the dividends in the form of additional company stocks. The stock-based Dividend is called a DRIP (Dividend Return Investment Plans) and is considered an additional investment. 

Why do Companies not Pay Dividends?

Small companies or startups do not pay dividends to their shareholders because they tend to be growing firms. They need many investments to fuel the expansion and become bigger as a company. Only highly well-established companies with no need for investment for future expansion tend to pay dividends.

What is the Dividend Announcement Date?

The company management comes together to announce when the company will pay dividends to the shareholders. The data then has to be approved by the shareholders before encashing their dividend cheques.

Types of Dividend

There are three types of Dividends that shareholders can receive-

  • Cash Dividends: You can receive these in the electronic transfer or the form of a cheque.
  • Property Dividends: A shareholder can receive one of the company’s assets as a form of property dividends.
  • Stock Dividends: These are additional stocks issued to the shareholder as a form of dividend return.

What is the Ex-Date of the Dividend?

The ex-date of the Dividend refers to the specific date before which a new shareholder must apply for a Dividend. If the shareholder buys the stock on the day or the ex-date of the Dividend, the seller will get a dividend. It is essentially a deadline for the new shareholders to come on board to get a dividend.