Many stocks are witnessing a rise due to the impact of corporate action in the stock market. The share price of Ingersoll Rand (India) Ltd. saw a rise on Friday and the stock closed at Rs 4401.85 with a gain of 5.30%.

Ingersoll Rand (India), a BSE 500 stock that has given multi-bagger returns in the last five years, will soon trade on ex-date for a 550 percent dividend payment. The face value of this stock is Rs 10 and the dividend on it is Rs 55 per equity share. Therefore, its dividend is 550 percent against the face value. Apart from this, according to BSE data, this is the highest dividend ever declared by the company.

Earlier in 2024, the BSE 500 company had given a dividend of Rs 20 per share. Similarly, in 2023, it gave a dividend of Rs 50 and Rs 20 per share respectively.

The stock jumped 6.86 percent to a record high of Rs 4467.05 per share on Friday, November 22. The market capitalization of the stock Ingersoll-Rand (India) Ltd is Rs 13,929.54 crore.

Ingersoll Rand Dividend

Earlier while announcing the second quarter results for FY25, the company announced that "...the Board of Directors at its meeting held today has declared an interim dividend of Rs 55 per equity share of face value of Rs 10 each for the financial year ending March 31, 2025.

Ingersoll rand share price

Ingersoll Rand shares have gained a whopping 7.46 percent in the last five days. This dividend stock has given a positive return on a YTD basis, rising 42.60 percent. Similarly, it has gained 51.11 percent in the last one year. In the last three and five years, Ingersoll Rand stock has given multi-bagger returns to its shareholders with a jump of 268.66 and 568.97 percent respectively.

Ingersoll Rand Dividend Payment Date

The company said in a regulatory filing that the date of interim dividend payment has been revised and will now be paid on Wednesday, December 11, 2024. According to BSE, the company has fixed November 27, 2024, as the record date for the dividend.