Rs 25/Share Dividend, Yield 4.09%: Small Cap Pharma Co Sets July 23 As Record Date

Small cap pharmaceuticals sector company Novartis India Ltd shares zoomed 50% year-to-date. Last trading price of Novartis India share on BSE is Rs 1161.20 per share. Today Novartis India fixed July 23, 2024 as the record date for final dividend of Rs 25/share of the face value of Rs 5/- each for the FY ended March 31, 2024. The company has a market capitalisation of Rs 2867.10 crore. Novartis India has been maintaining attractive dividend history and offers a dividend yield of 4.09%. Check details below:

Novartis India Sets Record Date For Dividend: As per the BSE filing of Novartis India issued as on July 11, "The Board of Directors at its meeting held on Friday, 10th May, 2024 had recommended a Final Dividend of INR 25/- per share (of Face Value of INR 5/- each) for the Financial Year ended 31st March, 2024 subject to the approval of the members at the Annual General Meeting of the Company scheduled to be held on Wednesday, 31st July, 2024.

In continuation to the above and pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Tuesday, 23rd July, 2024, as the Record Date for determining entitlement of Members to final dividend for the financial year ended 31st March 2024. If the final dividend as recommended by the Board of Directors is approved at the AGM, such dividend will be paid / dispatched, subject to deduction of tax at source after the AGM."

Novartis India Dividend History: It declared 24 dividends since October 3, 2001. In last 1-year, Novartis India declared an equity dividend of Rs 47.50 per share. At the current share price of Rs 1161.20, its dividend yield is 4.09%, according to Trendlyne.

Novartis India Share Performance & Return: The 52-week high price of Novartis India shares on BSE is Rs 1224.00 apiece (as on 19/02/2024) and 52-week low price is Rs 599.95 per share (as on 26/10/2023), respectively. Novartis India shares gave return of gave return of 39% in last 6-months, zoomed 36% in last 6-months, rallied 77% in last 2-years, and offered gain of 11% in last 3-years. In last 5-years, Novartis India stock climbed 79%.

Novartis India Stock Split History: The pharma company split face value of its shares once since November 6, 2000. Novartis India last split face value of its shares from Rs 10 to Rs 5 in 2000. Its share traded ex-split from November 6, 2000.

Novartis India About: Novartis is a leading medicines company. Its medicines reach more than 250 million people worldwide, according to its official website.

Disclaimer: The stock just highlights the record date for 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 any losses. Please consult a professional advisor.