MRF Dividend yield
What is the Dividend yield of MRF?
The Dividend yield of MRF Limited is 0.15%
What is the definition of Dividend yield?
Dividend yield represents the ratio between dividends paid out to shareholders per share and the market price per share over a trailing year.
= ttm (trailing twelve months) dividend rate / previous day’s close
The dividend yield or dividend-price ratio of a share is the dividend per share, divided by the price per share. It is also a company's total annual dividend payments divided by its market capitalization, assuming the number of shares is constant, and is often expressed as a percentage. The reciprocal of the dividend yield is the price-dividend ratio.
A higher dividend yield has been considered to be desirable among many investors. A high dividend yield can be considered to be evidence that a stock is underpriced or that the company has fallen on hard times and future dividends will not be as high as previous ones. Similarly a low dividend yield can be considered evidence that the stock is overpriced or that future dividends might be higher. Some investors may find a higher dividend yield attractive, for instance as an aid to marketing a fund to retail investors, or maybe because they cannot get their hands on the capital, which may be tied up in a trust arrangement. In contrast some investors may find a higher dividend yield unattractive, perhaps because it increases their tax bill.
Dividend yield of companies in the Consumer Discretionary sector on NSE compared to MRF
What does MRF do?
MRF Limited, together with its subsidiaries, manufactures, distributes, and sells rubber products in India and internationally. The company offers rubber products, such as tyres, tubes, flaps, and tread rubber. It also engages in the paints and coats, toys, motorsports, and cricket training businesses. The company offers tyres for trucks, farm services, LCVs, SCVs, three wheelers, pick up, two wheelers, passenger cars, and OTRs. In addition, it operates MRF TireTok, MRF Tyredrome, MRF FASST, MRF Musclezone, and shops that offer computerized nitrogen inflation, tubeless repair, wheel alignment, wheel balancing and tyre changing, robotic wheel alignment, vehicle safety test lane, diagnostic wheel balancing, A/C recovery and recharging, electronic headlight alignment, nitrogen generation, special two-wheeler tyre changing, credit card facility, wheels removal and refitment, and tyre mounting and de-mounting services. The company sells its products through approximately 5,000 dealer networks. MRF Limited was founded in 1946 and is based in Chennai, India.
Companies with dividend yield similar to MRF
- PG&E has Dividend yield of 0.15%
- Siemens has Dividend yield of 0.15%
- Biotest AG has Dividend yield of 0.15%
- AksharChem (India) has Dividend yield of 0.15%
- AU Small Finance Bank has Dividend yield of 0.15%
- MRF has Dividend yield of 0.15%
- MRF has Dividend yield of 0.15%
- Amines & Plasticizers has Dividend yield of 0.15%
- ADF has Dividend yield of 0.15%
- Ashiana Housing has Dividend yield of 0.15%
- Paisalo Digital has Dividend yield of 0.15%
- Beekay Steel Industries has Dividend yield of 0.15%
- HPL Electric & Power has Dividend yield of 0.15%