Rs 410 Dividend Share: Pharma stock sets ex-date, record date and payment date
rs 410 dividend share abbott india pharma stock sets ex-date, record date and payment date
Rs 410 Dividend Share: Abbott India, a pharma stock, has announced to reward its investors by paying dividend. The company has declared a massive cash reward of 4,100 per cent on each stock. Abbott India has also set ex-date, record date and dividend payment date.
Abbott India is a pharmaceutical company. It is a unit of Abbott Laboratories.
A dividend is a cash reward that a company pays to its shareholders for their investment in the business. A dividend is always calculated and paid on the face value of each stock.
Abbott India Dividend 2024
The current face value of each stock of Abbott India is Rs 10. Accordingly, the 410 per cent dividend translates into a payout of Rs 410. This is the final dividend announced by the pharma stock for the financial year 2023-24.
“Recommended payment of final dividend of Rs 410 per equity share of Rs 10 each for the year ended March 31, 2024,” according to a company statement.
Abbott India Dividend Record Date
Abbott India has also fixed the ex-date and record date for determining the eligibility of shareholders participation in the next dividend.
“The company has fixed Friday, July 19, 2024 as the Record Date for determining entitlement of Members to Final Dividend for the financial year ended March 31, 2024,” as per a company statement.
Abbott India shares will turn ex-date for next dividend on July 19 as per T+1 settlement.
The dividend will be paid too eligible shareholders on or after Tuesday, August 13, 2024.
RISE with India – FOLLOW ET NOW WhatsApp channel!
https://whatsapp.com/channel/0029Va7OSzxA2pL8ezY1aw1K
ET NOW WhatsApp channel gives you all Stock Market Details, Money Making Ideas, IPO News, Mutual Funds SIP News, Income Tax and other news right on your mobile screen!
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)