MRF Dividend 2026: India's Most Expensive Stock Declares a Rs 3 Payout, and What It Means for the MRF Share Price and Shareholders

The MRF dividend 2026 is Rs 3 per share, declared by what Mint calls India's most expensive stock, and the MRF share price of about Rs 1.22 lakh in mid-October makes that payout very small in percentage terms. This article sets out the dividend history, the yield arithmetic, the record-date pattern and the results backdrop, and says plainly which details I could not verify.

I could not open the exchange filing for this declaration, so the record date and payment date below are marked as unconfirmed, with last year's pattern shown only as a guide. Prices are the latest I could verify, time-stamped, and may differ from the live quote.

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MRF Dividend 2026: The Rs 3 Payout at a Glance

Item	Detail	Status
MRF dividend 2026: dividend per share	Rs 3, or 30% of the Rs 10 face value	Reported by Mint
MRF dividend 2026: type	Interim dividend, as in earlier years	Confirm the financial year in the filing
MRF dividend 2026: record date	Not confirmed in sources I read	Last year it was 21 November 2025
MRF dividend 2026: payment date	Not confirmed in sources I read	Last year, on or after 5 December 2025
MRF dividend 2026: approximate cash outflow	About Rs 1.27 crore	Based on last year's Rs 3 payout on the same share count; my arithmetic

An interim dividend is declared during the year, ahead of the final dividend after the annual accounts. To be eligible, you must hold the shares before the ex-date, and under T+1 settlement the ex-date and the record date are the same day. That means the last day to buy is the trading day before the record date.

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MRF Dividend History: Rs 3 Interims and the Rs 229 Final

Dividend	Amount per share	Key dates
MRF dividend 2026: interim, November 2025	Rs 3	Record date 21 November 2025; paid on or after 5 December 2025
MRF dividend 2026: second interim, February 2026	Rs 3	Record date 13 February 2026; paid on or after 27 February 2026
MRF dividend 2026: final, July 2026	Rs 229	Announced 30 June 2026; ex-date 17 July 2026
MRF dividend 2026: total for FY26	Rs 235	My arithmetic: 3 + 3 + 229

The two sources I checked disagree on when the November 2025 dividend was announced: one report puts the board meeting on 14 November 2025, while a corporate-actions page shows 4 November. The record date of 21 November agrees in both. The pattern is a small Rs 3 interim twice a year and a large final, which is why the annual yield is driven almost entirely by the final dividend.

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MRF Share Price and Dividend Yield: My Arithmetic

Measure	Value	Note
MRF share price	Rs 1,22,270	16 October 2026, from a Univest data note; check the live quote
MRF dividend 2026: rs 3 as a share of that price	About 0.0025%	My arithmetic: 3 divided by 1,22,270
MRF dividend 2026: FY26 total of Rs 235 as a share of price	About 0.19%	My arithmetic; matches the 0.19% yield on the Univest data page
MRF dividend 2026: dividend on 100 shares	Rs 300	My arithmetic; the holding would cost about Rs 1.22 crore at that price
MRF share price: 52-week range	Rs 1,21,310 to Rs 1,63,600	As of 16 October 2026
MRF share price: P/E against industry P/E	21.45 against 19.24	As of 16 October 2026

The ex-dividend adjustment for a Rs 3 payout is negligible against a price above Rs 1 lakh, so the dividend is unlikely to move the stock on its own. Mint calls MRF India's most expensive stock because the company has not split its shares over the years, which raises the absolute price without changing valuation ratios. The MRF page on Univest shows the live price and fundamentals.

MRF Results Backdrop and Tyre Peers

Measure	Figure	Note
MRF share price: Q1 FY27 consolidated revenue	Rs 8,415.50 crore	Against Rs 7,675.64 crore in Q1 FY26, up about 9.6% (my arithmetic)
MRF share price: Q1 FY27 consolidated net profit	Rs 495.35 crore	Against Rs 501.82 crore in Q1 FY26, down about 1.3% (my arithmetic)
MRF share price: FY26 net profit	Rs 2,426.10 crore	Per a Univest data note
MRF share price: Q2 FY27 results	Not verified	Check the filing for the quarter ended 30 September 2026

Tyre company	Dividend yield	P/E ratio
MRF share price: MRF	0.19%	21.61
MRF share price: balkrishna Industries	0.77%	28.63
MRF share price: apollo Tyres	1.48%	13.32
MRF dividend 2026: ceat	1.06%	17.15

Peer data is from a Univest page dated 3 October 2026 and will have moved. The comparison shows that MRF's yield is low next to peers because of its very high price, not because its dividend is small in rupees. Yield alone says little about quality, and a lower yield is not a flaw by itself.

MRF Dividend 2026: Checklist and Risks

Investor situation	Questions to consider
MRF share price: existing shareholder	Have I checked the record date and payment date in the exchange filing?
MRF share price: new investor	Am I buying for a Rs 3 payout, or for the business and valuation?
MRF share price: income-focused investor	Is a yield near 0.19% suitable for my income need?
MRF share price: long-term investor	How do rubber costs, demand and a falling stock price affect my view?

The main risks are input-cost swings in rubber and crude-linked materials, weak replacement demand and the stock's decline from its 52-week high. A dividend does not protect against a lower share price. Treat the payout as a small component of total return.

Conclusion

The MRF dividend 2026 is Rs 3 per share, about 30% of face value, in line with the earlier Rs 3 interims. Against an MRF share price above Rs 1 lakh, the payout is a tiny fraction of value, and the annual yield rests on the Rs 229 final. Verify the record date and payment date in the filing and consult a SEBI-registered adviser before acting.

Frequently Asked Questions on the MRF Dividend 2026

How much is the MRF dividend 2026?

Ans. Mint reports an MRF dividend of Rs 3 per share, which is 30% of the Rs 10 face value. MRF paid the same Rs 3 as interim dividends in November 2025 and February 2026.

What is the MRF dividend record date?

Ans. I could not confirm the record date for this declaration from the sources I read. Last year's Rs 3 interim had a record date of 21 November 2025, but check the current exchange filing for the actual date.

When will the MRF dividend be paid?

Ans. The payment date is not confirmed in the sources I read. Last year the Rs 3 interim was paid on or after 5 December 2025, so a similar gap is possible, but the filing is the only reliable source.

Why is MRF called India's most expensive stock?

Ans. Mint uses that description because the MRF share price is above Rs 1 lakh, the result of the company not splitting its shares over the years. A high absolute price does not mean the stock is overvalued.

What is the dividend yield on the Rs 3 payout?

Ans. By my arithmetic, Rs 3 on a price of Rs 1,22,270 is about 0.0025%. Counting the full FY26 payout of Rs 235, the yield is about 0.19%.

Who is eligible for the MRF dividend?

Ans. Shareholders on the company's books at the record date are eligible. Under T+1 settlement the ex-date equals the record date, so buy at least one trading day before it.

How much cash does MRF pay out with a Rs 3 dividend?

Ans. Last year's Rs 3 interim amounted to nearly Rs 1.27 crore in total, according to a report, which implies about 42 lakh shares. The same share count gives the same outflow now.

Is MRF a good dividend stock to buy?

Ans. Univest does not recommend any security. MRF's yield near 0.19% is low next to tyre peers, so it suits investors focused on the business rather than income. A SEBI-registered adviser can advise on suitability.