Dividend Paying Stocks: The Board of Directors of Piramal Enterprises Limited has recommended a final dividend of 33. It has fixed 15 July 2022 as the record date for determining the shareholders eligible for dividend payment for the financial year 2021-22. Hence, Large-cap Pharma stock is going to become Ex-Dividend next month on 14th July 2022. As of today the share price of Piramal Enterprises is 1648 each on NSE, and the declared dividend is 33, its annual dividend yield stands at about 2 percent today.
Announcing the event, Piramal Enterprises Limited Informing the Indian Stock Exchanges, “We would like to inform you that the Board of Directors of the Company in its meeting held today, inter alia, took the following decisions: The Board has recommended Final Dividend. 33/- (Rupees thirty three only) per equity share Face value Rs. 2/- each (ie @ 1,650%) for the financial year ended 31st March, 2022.”
Informing the Indian stock exchanges about the cut-off date for the final dividend payment, dividend paying stock said, “In accordance with Regulation 42 of the Listing Regulations, the Company has, for the purpose of determining the names of members eligible for final dividend for the financial year ended 31st March, 2022, fixed Friday, 15th July, 2022 as the record date. If the final dividend recommended by the Board of Directors is approved at the AGM, such dividend shall be paid/remitted, subject to deduction of tax at source after the AGM.”
Here we list 5 things that the shareholders of the company should know:
1]Dividend: Large-cap pharma company announced 33 per equity share final dividend for the financial year 2021-22.
2]Record Date for Dividend Payment: The Board of Directors of the company has fixed 15 July 2022 as the record date for determining the shareholders eligible for dividend payment.
3]Dividend Yield: Piramal Enterprises share price today 1648 and the final dividend is 33. Therefore, the current dividend yield of pharma stock is close to 2 per cent.
4]Percentage Dividend: The board of the company has announced 33 per equity share dividend and the face value of the share is 2. So, the percentage of dividend declared is 1650 per cent.
5]AGM Date: These recommendations are subject to approval by the shareholders and members of the Company at the forthcoming AGM to be held on 29 July 2022.