“The Marico Ltd board approved a second interim dividend of Rs 6.50 per share on February 27. However, the stock price of the FMCG company did not show much reaction and was trading 0.4 percent lower at Rs 523.40 on the NSE at 3.05 pm.
The record date for the dividend is scheduled for March 6, and eligible investors will receive the payout by March 28.In the past year, the consumer company announced two dividends. These included a payout of Rs 3 per share in November 2023 and another interim dividend of Rs 4.50 in March of the same year.”