3,770 per cent dividend announced by this Pharma company; know the record date!

The current dividend yield of the company is 4.16 per cent.  

This week the benchmark indices were outperforming. BSE Sensex was up 3.38 per cent and NSE Nifty-50 Index was up by 3.35 per cent in the last 5 trading sessions.   

The broader market performed excellently, compared to the main indices with BSE Mid-Cap Index up by 3.52 per cent and BSE Small-Cap up by 5.11 per cent.    

On Thursday, shares of Sanofi India Ltd surged by 1.15 per cent to Rs 5,926.15 with an intraday high of Rs 5,935 and an intraday low of Rs 5,865. The shares of the company saw a spurt in volume by more than 1.35 times on BSE.  

Recently, Sanofi India declared a final dividend of 1,940 per cent (Rs 194 per share) and a special dividend of 1,830 per cent (Rs 183 per share) which in total gets a 3,770 per cent (i.e., Rs 377 per share) as of record date. The company has verified the record date as Friday, April 28, 2023. The current dividend yield of the company is 4.16 per cent.  

Sanofi India Limited manufactures pharmaceuticals and chemicals. The Company has a worldwide presence, an extensive portfolio of prescription medicines, a portfolio of vaccines, major biological products, generic medicines, consumer healthcare, animal healthcare and has a presence in both, traditional and emerging markets.  

According to the financials, Sanofi India has a market cap of Rs 13,648 crore. The company reported positive numbers in its Quarterly Results and annual results. This mid-cap pharma company should be kept under the radar.