This pharmaceutical company establishes a record date for the dividend!
The company has delivered returns of 22 per cent over the past year and great returns of 110 per cent over the past 3 years.
Sun Pharma is the world's fourth largest specialty generics company, operating in Specialty, Generics, and Consumer Healthcare products. They are the largest pharmaceutical company in India and a leading generics company in the US and Global Emerging Markets. Sun Pharma's high-growth Global Specialty portfolio includes innovative products in dermatology, ophthalmology, and onco-dermatology, contributing over 16% of their sales.
With vertically integrated operations, they provide trusted, high-quality medicines to over 100 countries. Sun Pharma takes pride in its multicultural workforce from over 50 nations, and its manufacturing facilities span across six continents.
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Sun Pharma has set the record date for the final dividend of Rs. 4.00 per equity share for FY2022-23 as Friday, July 28, 2023. This date will determine the eligible members who will receive the dividend. If approved at the 31st Annual General Meeting, the final dividend will be paid on or before Friday, September 8, 2023.
The company has delivered returns of 22 per cent over the past year and great returns of 110 per cent over the past 3 years. Additionally, the company has a ROCE of 17.4 per cent and a ROE of 16.6 per cent.
On Monday, shares of the company surged by 0.56 per cent to trade at Rs 1,041.25.
Investors should keep a close eye on this dividend paying stock.