1:2 Stock Split, Rs 47.50/Share Dividend: Small Cap Pharma Stock To Contemplate Dividend Soon

Small cap pharmaceuticals sector company with attractive dividend history and yield of 4.57% has informed about its upcoming meeting of Board to consider financial results and dividend. We are discussing about Novartis India and its plan to consider dividend. Last trading price of Novartis India shares on BSE is Rs 1042.00 per share with intraday gain of 1.08%. Novartis India share offered return of 84% in last 1-year span and soared 91% in last 3-years. The company declared Rs 47.50 per share dividend in last 12 months period. Check details below:

Novartis India To Consider Financial Results & Dividend: As per the exchange filing of Novartis India dated March 27, 2024, "This is to inform that pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Board of Directors of the Company is scheduled to be held on Friday, May 10, 2024, inter alia, to:

a) consider and approve the Audited Financial Results of the Company for the year ended March 31, 2024; and

b) recommend dividend on equity shares of the Company, if any, for the financial year ended March 31, 2024."
Novartis India Share Performance & Return: The 52-week high price of Novartis India shares on BSE is Rs 1224.00 apiece and 52-week low price is Rs 559.70 per share, respectively. The company's market capitalisation is Rs 2,572.78 crore. Novartis India shares gave return of gave return of 34% year-to-date, 46% in last 6-months, surged 76% in last 2-years, and offered gain of 91% in last 3-years. In last 5-years, Novartis India stock rallied 52%.

Novartis India Stock Split History: The pharma company split face value of its shares once since November 6, 2000. Novartis India last split face value of its shares from Rs 10 to Rs 5 in 2000. Its share traded ex-split from November 6, 2000.

Novartis India Dividend History: It announced 24 dividends since October 3, 2001. In last 12 months, Novartis India announced an equity dividend of Rs 47.50 per share. At the current share price of Rs 1042.00, its dividend yield is 4.57%, according to Trendlyne.

Novartis India About: Novartis is a leading medicines company. Its medicines reach more than 250 million people worldwide, according to its official website.

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