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Business News/ Markets / Stock Markets/  Multibagger dividend stock that has surged 450% in three years to trade ex-dividend today

Multibagger stock: MM Forgings shares are one of those dividend stocks that are going to trade ex-dividend today. As per the information available on BSE and NSE, this auto ancillary stock has declared 6 per share interim dividend for the financial year 2023-24. The small-cap company had informed Indian bourses this month about the dividend payment and record date for finalising the eligible shareholders for interim dividend payment. The board of directors of the company has fixed 29th May 2023 as record date for interim dividend payment.

The multibagger dividend stock informed Indian bourses about the interim dividend payment citing, "We wish to inform you that the Board of Directors in their meeting held on 17 May 2023 has declared, payment of Interim dividend of 6 per share. The Interim Dividend shall be payable on or before 15 June 2023."

MM Forgings dividend history

This multibagger small-cap stock is one of the dividend stock on Dalal Street. This small-cap stock has been regularly giving dividend to its loyal investors since 2007. Prior to 29th May 2023, this multibagger stock traded ex-dividend on 6th June 2022 for payment of 6 per share interim dividend to its eligible shareholders. Similarly, on 1st July 2021, this small-cap stock traded ex-dividend for payment of 5 per share interim dividend.

MM Forgings share price history

As mentioned above, MM Forgings shares have given stellar return in post-Covid rebound. In last three years, this small-cap stock has delivered multibagger return to its shareholders as it surged from around 152 to 852 apiece levels in this time, rising around 450 per cent in this time. However, the stock has a history of delivering staggering returns to its shareholders. In last ten years or say one decade, this multibagger stock has risen from around 42 to 852 apiece levels, logging to the tune of 1900 per cent rise in this time.

In post-slowdown rebound (from early 2009), this multibagger stock has risen from around 17 to 852 apiece levels in last 14 years, delivering around 4900 per cent rise in this time turning an investment of 1 lakh into 50 lakh in these fourteen years.

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Asit Manohar
Chief Content Producer at Live Mint Digital Team
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Updated: 29 May 2023, 09:00 AM IST
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