Dividend is a passive source of income that is always chased upon by investors for better gains other than stock's appreciation. There are three type of dividends-interim, final and special dividend. Here we shall discuss about one such company that will soon be paying special dividend of Rs. 125. Special dividend is recommended by board of the company and approved by its shareholders in the Annual General Meeting (AGM).
The stock of Bayer Crop Science turned ex-date today i.e. November 11, 2021 and usually the dividend is received or payment is received by eligible shareholders within 30 days of its approval.
About the company:
Bayer Crop Science is a mid cap company that has capabilities in the areas of biotechnology, crop protection and data sciences. The company manufactures crop protection products such as herbicides, insecticides, fungicides and seed treatment, non agricultural pest-control, seeds and plant biotechnology. The company's latest m-cap stood at Rs. 21,356 crore.
In the last September ended quarter of FY22, the firm total income from operations at Rs. 1365.1 crore and consequently its net profit for the period came in at Rs. 154.1 crore lower than Rs. 254 crore reported in the previous quarter. Also, the company has a history of being a debt free enterprise.
Bayer Crop Science dividend history
|Dividend ex-date||Type||Dividend in Rs.|
|27th July 2021||Final||25|
|27th July 2020||Final||25|
|23rd June 2020||Interim||90|
|10th July 2019||Final||18|
|6th August 2018||Final||18|