DIVIDEND NEWS: LARGECAP PHARMA COMPANY DECLARES 400% PAYOUT

Dividend News: The pharma major Lupin, known for offering lucrative dividends, has announced a reward for its shareholders. The company said that its board has recommended a dividend of a whopping 400 percent per equity share for FY24 on Monday, May 6, 2024. The company has posted their financial results for the quarter and year ended March 31, 2024.

Lupin Dividend Announcement 2024

Lupin, in an exchange filing, has said that the company's board at their meeting held on Monday, May 6, 2024, has recommended a dividend of 400 percent or Rs 8 per share of the face value of Rs 2 apiece for the financial year 2024.

"...recommended dividend @400% i.e. ₹8/- per equity share of the face value of 2/- each for the year ended March 31, 2024, subject to approval of Members at the ensuing Annual General Meeting. The total outflow would be ₹3646 million," said Lupin in an exchange filing on the BSE.

Lupin Q4 2024 Quarterly Results

Pharma major Lupin Limited reported its financial performance for the quarter and fiscal year ending March 31, 2024, on Monday, May 6, 2024. In the fourth quarter of FY24, Lupin's consolidated net profit witnessed a surge of 52 per cent year-on-year at Rs 368 as against Rs 242 crore reported in the corresponding quarter of FY23. The pharma company's revenue from operations during the quarter under review rose 12 per cent year-on-year to Rs 4,961 crore as against Rs 4,430 crore reported in Q3FY23.

Lupin Dividend History Lupin boasts a rich history of paying dividends to its shareholders. The company paid a dividend of Rs 4 in 2023, Rs 4 in 2022, Rs 6.50 in 2021, Rs 6 in 2020, and Rs 5 in 2019, as per BSE data.

Lupin Dividend Yield

At the current market price, Lupin has a dividend yield of 0.24 per cent.

Lupin Share Price History

The pharma company is a constituent of the S&P BSE 100 index on the BSE. According to BSE analytics, Lupin's stock has advanced 6.33 per cent in the last three months and 39.98 per cent in the last six months.

Lupin's stock has emerged as a multibagger in the last one year by surging 138.38 per cent during the said period.

Shares of Lupin have a 52-week range of Rs 1,703.80 - Rs 702.20 on the BSE. The company commands a market cap of Rs 76,554.62 crore on the BSE.

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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-05-07T03:13:19Z dg43tfdfdgfd