Renowned pharmaceuticals sector company Sanofi India share will go ex-dividend on May 3, 2024. The company announced an attractive final dividend of Rs 117/share earlier in 2024. The pharmaceuticals sector company has a history of declaring huge dividends for its investors. In 2023 only, it announced Rs 183/share special dividend and Rs 194 per share final dividend. In 2024, the company already declared Rs 50/share dividend and Rs 117/share dividend. The company is backed by Life Insurance Company as the PSU has a stake of 5.95% with 13,69,833 shares. LIC has been continuously increasing its stake in Sanofi for past few years. Check more details below:
Sanofi India Will Trade Ex-Dividend On May 3: As per the regulatory filing of the company, Sanofi India announced a final dividend of Rs 117/- per equity share of the face value of Rs 10 each for the Financial Year ended 31 st December 2023, subject to the approval of Shareholders at the ensuing 68th Annual General Meeting.
The BSE filing dated February 23, 2024 said, “Payment of dividend will be made on or after 24th May 2024, to those members whose names are on the Company’s Register of Members on Friday, 3rd May 2024 and those whose names appear as Beneficial Owners as at the close of the business hours on Friday, 3rd May 2024 as per the details to be furnished by the Depositories, viz. NSDL and CDSL for this purpose.”
Sanofi India Maintains Attractive Dividend History: Sanofi India declared 50 dividends since May 17, 2001. In past 12 months, the company declared an equity dividend of Rs 427/share. If the existing share price of Rs 8563.6500 is taken into consideration, it offers a dividend yield of 4.98%.
Sanofi India Shares Performance: Sanofi India’s 52-week high price is quoted at Rs 9,370.35 per share and 52-week low price is quoted at Rs 5,329.70 per share on BSE. Sanofi India HAS A market cap of Rs 19,722.78 crore. Sanofi India shares jumped by 46% in 1-year. Sanofi India shares witnessed decline of 1% in 1-month, rallied nearly 17% in 6-months-time, gave return of nearly 11% in last 2-years. Sanofi India shares offered return of 45.28% in 5-years. In last 10-years, Sanofi India shares gave return of 190%.
Sanofi India Gets Hold Recommendation: Leading brokerage firm ICICI Securities has hold call on Sanofi India shares with price target of Rs 9170 per share.
About Sanofi India: It was incorporated in 1956. Sanofi India provides innovative solutions in preventive healthcare (vaccines) as well as in treatment for allergy, pain, diabetes, rare diseases, and other therapeutic areas, as per the official website of the company.
Disclaimer: The stock has been recommended by leading brokerage firm ICICI Securities. Highreturns, the Author, and ICICI Securities will not be held responsible for any losses due to decisions taken based on the article. Highreturns.in recommends readers to verify with certified experts before taking any investment decision.