2 Stocks That Will Soon Pay Special Dividend To Eligible Shareholders

Special dividend is a one-time dividend payment that is considered by companies in order to commemorate some event or the like. Usually it is higher than the interim or final dividend. Interim dividend is given during the year and is approved by the company's board. Also, company's give out final dividend i.e. recommended by board of the company but is approved by its shareholders in the Annual General Meeting. So, here are 2 companies that will soon pay special dividend.

CRISIL

The mid-cap rating agency firm in February announced payment of dividend to the company's shareholders who hold the scrip as on record date i.e. April 1, 2022.

The company announced special dividend of 700% at the rate of Rs. 7 per share. Alongside the company also announced final dividend of 1500% @Rs. 15 per share for the year ended December 31, 2021.

Crisil or Credit Rating Information Services of India is an S&P Global company providing research, rating, risk and policy advisory services. The company is into rating of different organisations including industrial companies, SMEs, banks, NBFC, insurers, mutual funds, state governments etc. Furthermore as far as its research services are concerned it provides holistic research services per se economy, company or industry. The company has promoter holding of over 66% and FIIs as well as Mfs increased their stake in the firm.

Sanofi India

The MNC pharma company with Soframycin as its most famous pharma product in India in late February announced a huge dividend pay out. The company for the year ended December 31, 2021 announced final dividend of Rs. 181 per share of Rs. 10 each and a special dividend of Rs. 309 per equity share of Rs.10 each for the year ended 31st December 2021. This was after considering the slump sale and transfer of Company's nutraceuticals business during the year and reviewing the cash requirements for the Company's operations.

For the said dividend amount, the ex-date is April 12, 2022 while the record date is April 16, 2022.

Sanofi India is a mid cap pharma MNC with Somframycin as one of its famous pharma product in the country. The company develops medicines in therapeutic areas such as cardiovascular disease, thrombotic diseases, metabolic disorders, oncology, disorders of the central nervous system, internal medicine and vaccines.

Stock	Special dividend	Record date	Ex-date
CRISIL	Rs. 7	April 1, 2022	March 30, 2022
Sanofi	Rs. 309	April 16, 2022	April 12, 2022

By when should the dividend amount be credited?

In an usual scenario, dividend payment needs to be completed within 30 days of its approval or dividend declaration date. Eligible shareholder get the due dividend amount before what is called dividend payment date or issue date.

Disclaimer

The above stocks are collated for their dividend pay out announcement and chiefly for special dividend pay-out.