Dividend stock, July 3 -- Tyre manufacturer and India's highest-priced stock, MRF Limited, announced the record date for its final dividend for the fiscal year 2024-2025 (FY25). The company had announced a final dividend of Rs.229 per share of Rs.10 each, amounting to a payout of 2,290% in May along with its Q4 results.

Consequently, MRF, on July 3, announced the record date for determining the eligible shareholders to receive the said dividend as July 18. Investors looking to seek the benefit of MRF's dividend announcement must purchase their shares at least one day prior to the record date for their names to be appear on the shareholders' list, given the Indian stock market's T+1 settlement system.

The date of payment of MRF's final d...