Dividend Stock: Pharma company Novartis India has decided to give dividend to the investors. The company has decided to declare a final dividend of Rs 10 and a one-time special dividend of Rs 37.50 per share.
Pharma company Novartis India has decided to give dividend to investors. According to the information shared by the company on Friday, the company will pay a dividend of Rs 47.50 to eligible investors. Let us tell you, on Friday i.e. May 12, a share of the company fell by 0.52 percent to Rs 669.30.
Company will give dividend of Rs 47.50
In the information given to the stock markets, the company has said that a final dividend of Rs 10 will be given on a share with a face value of Rs 5. And a one time special dividend of Rs 37.50 will also be given to investors on a share of face value of Rs 5 only. That is, the company will give a dividend of Rs 47.50 on 1 share to qualified investors. The company will pay this dividend on or after 2 August 2023.
What is the quarterly ledger indicating?
At the end of the March quarter, the company said in the information given that the operational revenue during the quarter stood at Rs 76.13 crore. 22.57 percent less than the March quarter of last year. The company’s net income in the quarter January to March 2023 was Rs 92.50 crore. This is also 117.87 percent less as compared to FY 2022.
