This MNC Stock Has Declared A Solid Dividend Of 650%

Procter and Gamble Hygiene and Healthcare Limited has announced a solid dividend of 650% for its shareholders. The board of directors of the personal care company via an exchange filing declared a final dividend of 650% with the ex-dividend date kept as November 10, 2022. 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. Till 2018, the Company was operating in all businesses included in the pharmaceuticals and chemicals businesses in the country. The company has a market capitalization of Rs 47,766.14 Crore. Check key takeaways below:

Procter and Gamble Hygiene and Healthcare Ltd To Pay Rs 65/Share Dividend

The board of directors of the company announced in its regulatory filing, "We are pleased to inform you that the Board of Directors of the Company at its Meeting held on August 23, 2022, have recommended a final dividend of Rs. 65 per equity share of face value of Rs. 10 each for Company's Financial Year 2021‐22. The said final dividend, if declared at the ensuing 58th Annual General Meeting, will be payable to those shareholders whose names appear in the Register of Members of the company or in the records of the Depositories as beneficial owners of the shares as at the close of business hours on Tuesday, November 8, 2022 (Record date).

Record Date and Ex-Dividend Date: The ex-dividend date is November 10, 2022 and the record date is November 8, 2022.

Procter and Gamble Hygiene and Healthcare Ltd Stock Outlook

The current market price of the stock is Rs 14,715 apiece with a surge of 0.61% intraday.

Procter and Gamble Hygiene and Healthcare Ltd 52 Week High/Low

The stock's 52-week high is quoted at Rs 16,466 apiece and 52-week low is quoted at Rs 12,751 apiece, respectively.

Procter and Gamble Hygiene and Healthcare Ltd Market Capitalization

The company has a market capitalization of Rs 47,766.14 Crore at the time of writing the story.

Procter and Gamble Hygiene and Healthcare Ltd Quarterly Result

FMCG products maker Procter & Gamble Hygiene and Health Care Ltd announced a 13.12% fall in Profit After Tax (PAT) at Rs 42.55 crore during the fourth quarter ended June 30, amid surging commodity costs. The company, which follows July-June financial year, had reported a PAT of Rs 48.98 crore in the corresponding quarter of the previous fiscal. Its revenue from sale of products fell 3.8% to Rs 755.65 crore during the quarter under review, as against Rs 785.58 crore of the corresponding quarter.

Procter and Gamble Hygiene and Healthcare Ltd 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. On December 1st, 2018, P&G successfully completed the acquisition of Merck's Consumer Health business further to approval of all relevant regulatory authorities and the fulfilment of other customary closing conditions.