This company will pay Rs. 130 / Share Total Dividend Between November-December
A dividend is the portion of the company’s profits that it distributes to its shareholders. While the net profit which is not distributed in the form of a dividend constitutes the free reserves and the surplus of the company.
Investors gain from investing in dividend yielding stocks in 2 ways:
Timely stock price appreciation
Possibility of regular payment in the form of a dividend depending on the dividend history of the share
Additionally, a good dividend history reassures an investor and gives assurance that the script will perform reasonably well in the future.
Therefore, as dividend yielding stocks tend to be lucrative for investors, here is a stock that will soon offer Rs. 130 per share as a dividend (separated into Rs 90 – special dividend and Rs. 40 final dividend) . Procter and Gamble Health, in an August 26 exchange filing, notified that the company’s board of directors recommended a final dividend of Rs. 130 per share, for the fiscal year ended June 30, 2021, which includes a one-time special dividend of Rs. 90 per share. It is important to note that this dividend will be paid between November 15, 2021 and December 08, 2021, upon approval of the members at the 54th annual general meeting.
At the same time, the company also sent a communication to shareholders regarding the TDS deduction on P&G Health dividend income – 2020-21 final dividend.
Note that the ex-date for both types of dividends is November 2, 2021. The ex-dividend date is generally one day before the registration date and on that day the price of the company’s share is adjusted for dividend payment. outside.
The dividend yield of the share considering the last traded price of Rs. 5,403.6 is 2.41%.
Procter and Gamble Health was established in the country in 1967 as one of the Asian subsidiaries of Merck. The company is one of the largest VMS companies in the country engaged in the manufacturing and marketing of over-the-counter products, vitamins, minerals and supplements for a healthy lifestyle and a better quality of life.
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Article first published: Thursday, September 30, 2021, 6:11 PM [IST]