3 Pharma Stocks Set To Trade Ex-Dividend Next Week For Up To 600% Dividend

3 Large cap and mid cap pharmaceuticals sector stocks will trade ex-dividend next week for up to 600% dividend. These stocks are Zydus Lifesciences, Sun Pharmaceutical Industries, Alembic Pharmaceuticals. Check details below:

1. Zydus Lifesciences To Trade Ex-Dividend For 600% Dividend: Board of directors of Zydus Lifesciences fixed July 28, 2023 as the record date for final dividend. The company on May 18 recommended final dividend of Rs. 6.00/- (@ 600%) per equity share of Re. 1/- each, subject to approval of the shareholders at the ensuing Annual General Meeting scheduled to be held on August 11, 2023.

Last trading price of Zydus Lifesciences share is Rs 613.20 per share with intraday fall of 0.62%. It has a market capitalisation of Rs 62,068.36 crore. Zydus Lifesciences delivered 40% return in last 6-months and 72% return in last 1-year. It fell 1.53% in last 2-years.

2. Sun Pharmaceutical Industries Will Trade Ex-Dividend For 400% Dividend: The board of directors on May 26 recommended final dividend of Rs. 4.00/- (Rupees Four only) per equity share of Re. l/- (Rupee One only) each of the Company is recommended subject to approval of the shareholders at the ensuing 31st Annual General Meeting and which shall be paid within the timelines as required under the Companies Act, 2013. The company fixed July 28 as the record date.

Last trading price of Sun Pharmaceutical Industries share is Rs 1097.85 per share. Its market capitalisation is Rs 2,63,404.81 crore. Sun Pharmaceutical Industries shares offered 26% return in last 1-year and 62% return in last 2-years.

3. Alembic Pharmaceuticals Will Go Ex-Dividend For 400% Dividend: The company on May 5, 2023 recommended a dividend of Rs. 8/- (400%) per Equity Share having face value of Rs. 2/- each, subject to approval of the Shareholders at the ensuing Annual General Meeting. The company fixed July 28, 2023 as the record date for dividend.

Alembic Pharmaceuticals share price is 690.60 per share with intraday fall of 3.19% as of July 21, 2023. Alembic Pharmaceuticals share rallied 29% in last 3-months and 24% in last 6-months. In last 2-years, Alembic Pharmaceuticals shares declined 27% in last 2-years. In last 1-year, Alembic Pharmaceuticals stock fell 3%.

Disclaimer: The stocks highlight the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.