Cipla Dividend: The pharmaceutical company Cipla is likely to reward its shareholders. The company in the exchange filings has informed the bourses that its Board of Directors will meet on Friday, April 10, to recommend the final dividend for the year ended March 31, 2024, if any.
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“We wish to inform you that a meeting of the Board of Directors of the Company will be held on Friday, 10th May 2024 inter-alia to recommend final dividend for the year ended 31st March 2024, if any,” said Cipla in a regulatory filing on the BSE.
According to information available on the BSE, Cipla’s Board of Directors will also consider and approve the standalone and consolidated audited financial results of the company for the quarter and year ended on March 31, 2024.
Cipla Limited Dividend History
The pharmaceutical company boasts a long history of paying dividends to its shareholders. Cipla has earlier paid a dividend of Rs 8.50 in 2023 and Rs 5 in 2022 to its shareholders. The company had paid an interim dividend of Rs 3 and a special dividend of Rs 1 to its shareholders in 2020, as per the data available on the BSE.
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Cipla Limited Dividend Yields
At the current market price, Cipla Limited’s dividend yield stands at 0.59 per cent.
Cipla Limited Share Price History
Pharmaceuticals company Cipla limited commands a market cap of Rs 1,16,959.23 crore on the BSE. The company is a constituent of S&P BSE 100 index on the BSE.
According to the BSE analytics, Cipla stock has dropped 3.08 per cent in the last one week and 1.70 per cent in the last one month, while it gained 12.60 per cent in the last three months.
Pharmaceuticals stock has sprinted 24.77 per cent in the last six months and 31.74 per cent in the last one year.
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Cipla stock has offered a return of 41.84 per cent in the last two years, 76.80 per cent in the last three years, 171.28 per cent in the last five years and a whopping 258.49 per cent in the last ten years to its investors, as per the data available on the BSE.
