MRF Ltd. Declares Substantial Final Dividend for FY26
MRF Ltd., recognized as India's highest-priced equity, has once again rewarded its shareholders with a significant payout. Following the release of its fourth-quarter earnings on May 7, the tyre manufacturing giant's board recommended a final dividend of Rs 229 per share for the financial year concluding March 31, 2026. This recommendation awaits approval from shareholders at the upcoming annual general meeting.
This final dividend, combined with two interim dividends of Rs 3 each already disbursed earlier in the fiscal year, brings the total dividend for FY26 to an impressive Rs 235 per share. This consistent return to shareholders underscores MRF's commitment despite recent market pressures.
Stock Performance Amidst Dividend Announcement
On May 9, MRF's shares closed at Rs 130,559.05, marking a slight increase of 0.45% from the previous close. Despite maintaining its position as the most expensive stock on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the company's equity has experienced a challenging period, recording a nearly 17% decline over the past six months. The company currently holds a market capitalization of Rs 55,371.96 crore.
A Look at MRF's Consistent Dividend History
MRF has a strong track record of rewarding its investors. For the preceding fiscal year, FY25, shareholders received a final dividend of Rs 229 per share on July 18, 2025. This payout also followed two interim dividends of Rs 3 each, distributed in February and November 2025, bringing the total for FY25 to Rs 235 per share.
Further back, for the financial year ending March 31, 2024, the tyre manufacturer issued a final dividend of Rs 194 per share on July 25, 2024, demonstrating a pattern of robust shareholder returns over several years.