MNC Pharma Stock Declares Solid Dividend, Shares Spurt 12% Intraday: Check Record Date

Leading MNC Pharmaceuticals company, Procter & Gamble Health Ltd declared a solid dividend of Rs 45 per share. The mid cap company fixed February 13, 2023 as the record date for the interim dividend. The company has a market capitalisation of Rs 7,615.80 crore. The stock rallied 12.43% intraday and recorded more than 7.30 times spurt in volume.

It also declared its Q3 results and registered a strong performance as revenue from operations reported at Rs 309.97 crore in Q3 FY2023 AS compared to Rs 277.9 crore in Q3 FY2022, UP 11.54% YoY. It announced its Profit After Tax (PAT) at Rs 76.8 crore in the quarter ended December 2022 as against Rs 44.84 crore announced in the year ago quarter, up 71.27%.

Check details below:

1. Procter & Gamble Health Ltd Announce Huge Dividend

The board of directors of the company said in their regulatory filing, "Board of Directors of the Company at its meeting held today, inter alia, have recommended an Interim Dividend for the Financial Year 2022-23 of Rs. 45 per Equity Share (Face Value of Rs. 10/- each). The dividend shall be paid on or before March 05, 2023."

2. Procter & Gamble Health Stock Performance

The current market price of the stock is Rs 4606.00 apiece with intraday gain of 12.43%. The stock's 52-week high is Rs 5,101.20 apiece and 52-week low is Rs 3883.00 apiece, respectively.

3. Procter & Gamble Health Dividend History

The company for the year ending June 2022 announced an equity dividend of Rs 52.5 per share or 525%. The company has a dividend yield of 1.14% if the current market price of the stock is taken into consideration. The company has been declaring regular dividends in the last 5-years and has a good dividend history.

4. Procter & Gamble Health Return

The stock jumped 14% in last 1-week only, 8% in last 1-month, 3% in last 6-months, and declined 9% in last 1-year. The stock gained 4% in last 3-years, and 222% in last 5-years.

5. Procter & Gamble Health About

Procter & Gamble Health Limited is one of India's largest VMS Companies manufacturing and marketing over-the-counter products, vitamins, minerals, and supplements products for a healthy lifestyle and improved quality of life, etc, according to its
official website.

Procter & Gamble Health Limited was set up in India as one of Merck's Asian subsidiaries in 1967. It was also the first Merck Group Company to go public in the year 1981, as per the official website.

Disclaimer

The stock gives details pertaining to dividend and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.