Dividend Paying Stocks: Pharma company Sanofi India has proposed 490 per equity share final dividend including special dividend at its latest Annual General Meeting (AGM). Sanofi India Dividend 490 Contains 181 Final Dividend and 309 per equity share special dividend.
As per information available on BSE, “Sanofi India Limited has informed BSE that the Register of Members and Share Transfer Books of the Company shall remain closed from April 16, 2022 to April 26, 2022 (both days inclusive) for the purpose of payment. 26 Final Dividend (including Special Dividend) and Annual General Meeting (AGM) of the Company to be held on April, 2022.
in his exchange communicationExplaining the dividend payment proposal, Sanofi India said, “Recommendation for payment of final dividend of Rs 181 per equity share of Rs 10 per equity share and special dividend of Rs 309 per equity share for the year ended 31st December 2021. 10 each for the year ended December 31, 2021, after considering the decline in sales and transfers of the Nutraceuticals business of the Company and reviewing the cash requirements for operations of the Company.
What is Share Dividend?
Share dividend is a distribution of the earnings of a listed company to a certain class of its shareholders. Dividend payment is decided by the board of directors of the company as a reward to the shareholders for investing money in its venture. This can be paid in the form of cash or additional stock, as decided by the AGM of the company. Therefore, dividend paying stocks provide an additional opportunity for revenue generation for stock investors. Common shareholders of dividend-paying companies are usually eligible as long as they own the stock prior to the ex-dividend date.
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