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Share markets maintained some volatility for the last few days equity benchmarks BSE Sensex and NSE Nifty continued downward trend. However today after RBI's governor announcement of 50-bps hike in repo rate
Share markets maintained some volatility for the last few days equity benchmarks BSE Sensex and NSE Nifty continued downward trend. However today after RBI's governor Shaktikanta Das Das announcement of 50-bps hike in repo rate to 4.90% sprang a surprise and helped the share markets recover some of the initial losses.
Amid all this upheavals in share market, it is good time to look at stocks that offer good dividends. One such company is Abbott India that is expected to pay attractive Final dividend and Special Dividend to shareholders. Find key details below:
1. Abbott India declares 1450% Final Dividend and 1300% Special Dividend
The Board of Directors of Abbott India in its filing dated May 17, 2022 said, "For the purpose of Annual General Meeting to be held on August 10, 2022 and payment of final dividend of Rs. 145/- and special dividend of Rs. 130/- per equity share for the year ended March 31, 2022, as recommended by the Board of Directors, subject to approval by the Shareholders at the Annual General Meeting."
For both the Final Dividend and Special Dividend, Abbott India Ltd has kept the Ex-Dividend Date as August 8, 2022. The shares of Abbott India Ltd has caught the attention of shareholders for their dividend yield.
2. Abbott India Q4 Result
Abbott India's net profit surged by 39% to Rs 211 crore for Q4 ending March 31, 2022. It declared a net profit of Rs 152 crore in the same quarter previous year. The revenue from operations spiked to Rs 1255 crore in the FY 2022 as against Rs 1096 crore in the FY 2021. For entire FY2022, it reported a net profit of Rs 799 crore as against Rs 691 crore in FY 21.
3. Stock outlook of Abbott India Ltd.
The current market price (CMP) of Abbott India Ltd is Rs 18, 314.05 as of writing this report at 1:24 pm with a gain of 3.14%. The stock has touched its 52-week high of Rs 23,934 and 52-week low of Rs 15,514 apiece. The market capitalization of Abbott India is Rs 38,701 crore.
The P/E of the stock is 48.46 which is higher than the sector P/E of 29.38. The EPS is Rs 375.87. The stock has given a return of 14.16% in one year and a huge 329% return in 5 years.
4. About Abbott India Ltd
The company is headquartered in Mumbai. It is a publicly listed company and a subsidiary of Abbott Laboratories. It offers top quality trusted medicines in multiple therapeutic categories such as women's health, gastroenterology, cardiology, metabolic disorders and primary care.
