A large-cap pharmaceutical firm with a market valuation of Cipla is 78,617.21 crores. With over 47 production sites and presence in over 80 countries, Cipla, the third largest pharmaceutical corporation in India, offers over 1,500 drugs in over 50 different dosage forms across various therapeutic areas. For the financial year 2021-22, the Board of Directors of the company has proposed a final dividend of 5 per equity share, or 250 per cent at face value 2 per equity share, resulting in a dividend yield of 0.51%. For the purpose of dividend payment, the company has announced the record date today.
The company said in a regulatory filing today that “this is in continuation of our letter dated May 10, 2022, in which it was informed that the board of directors of the company has recommended, inter alia, a final dividend. 5/- per equity share (Face Value 2/- per equity share) for the financial year 2021-22, subject to the approval of the shareholders at the 86th Annual General Meeting to be held on August 26, 2022. As per regulation 42 of SEBI LODR Regulations, the company has fixed the ‘record date’ for determining the member eligible for payment of final dividend as follows: In respect of shares held in physical form, all members in whose names the company shall appear in the register of members of the Board on Wednesday, the 10th August, 2022. In respect of shares held in physical form, the dividend shall be as per the details furnished by National Securities Depository Limited and Central Depository Services (India) Limited up to the end of Wednesday, the 10th August, 2022. will be payable on beneficial ownership basis. ,
Cipla shares closed at today’s level Each level of 975.95, up 2.12% from its previous close of 955.70. The stock is up 9.67 percent over the past year, and it has climbed 4.88 percent YTD so far in 2022. The stock has gained 4.69 percent in the last six months and 3.26 percent during the last month. The stock has lost 1.01 per cent in the last five trading sessions. The stock is trading above the 5-day, 10-day, 20-day, 50-day, 100-day and 200-day Exponential Moving Averages (EMA) at the current market price.
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