Dividend alert! MRF announces Rs 3/share interim dividend. Check record date

Tyre-maker MRF on Tuesday announced an interim dividend of Rs 3 per share, rewarding investors in India's most expensive stock.

MRF announced the dividend along with the Q2 results today. In an exchange filing, the company said its board of directors declared the interim dividend of Rs 3 per share with a face value of Rs 10 each for the ongoing financial year 2027.

Also read | MRF Q2 Results: Net profit falls 13% YoY to Rs 417 crore, revenue rises 17%; board declares interim dividend


Record date for MRF dividend

MRF has fixed November 17 as the record date to determine the eligibility of shareholders set to receive its dividend. This means that only those shareholders who own the stock in their portfolios as of November 17 (Tuesday) will be eligible to receive the dividend. The interim dividend declared will be paid on or after December 1 this year.

Under Sebi’s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy MRF shares so that they are credited to their accounts by the record date (November 17), making them eligible for the dividend.

MRF dividend history

MRF has declared 81 dividends since August 2, 2000, and the stock has a dividend yield of 0.19%, according to data on Trendlyne. Prior to this, it paid a final dividend of Rs 229 per share for FY26 in July last year.

Before that, it paid two interim dividends of Rs 3 each in February 2026 and November 2025, following a final dividend of Rs 229 apiece.

MRF Q2 Results

MRF reported a consolidated net profit of Rs 417 crore for the July-September quarter of FY27, marking nearly 13% year-on-year (YoY) decline from Rs 479 crore.

Its revenue from operations increased over 17% YoY to Rs 8,660 crore during the quarter under review, from Rs 7,379 crore reported in Q2 FY26. Its total expenses rose around 22% YoY to Rs 8,269.77 crore in Q2 FY27 from Rs 6,788.55 crore in the corresponding quarter of the previous financial year.

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MRF share price

MRF shares will remain in focus on Wednesday after the Q2 results and dividend announcement, as the stock market is closed today on account of Diwali-Balipratipada. The stock fell over 1% on Monday to close at over Rs 1.25 lakh per share.

The stock has gained more than 6% in a week and over 2% in a month, but is down 18% in 2026 so far and 21% in one year. In the longer term, the shares of the company have delivered positive returns of more than 15% in three years and 60% in five years.

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.