Dividend Stock: Pharmaceutical major Abbott India is likely to be one of the key stocks to watch next month as the company approaches its ex-dividend date for a massive dividend payout of 5,250 per cent.
In an exchange filing, Abbott India announced a final dividend of Rs 525 per share for the financial year ended March 31, 2026. Given the stock’s face value of Rs 10 per share, this translates into a dividend payout of 5,250 per cent.
To put this into perspective, an investor holding 100 shares of Abbott India would be eligible to receive Rs 52,500 as dividend income, subject to holding the shares before the ex-dividend date and meeting all applicable eligibility requirements.
The pharma company has announced July 24 as the record date for the payment of the final dividend. The record date is the date on which a company reviews its records to identify shareholders eligible to receive a dividend or distribution.
“Pursuant to Regulation 42 of the SEBI Listing Regulations, we hereby inform you that the company has fixed Friday, July 24, 2026, as the record date for determining the entitlement of members to the final dividend for the financial year ended March 31, 2026,” the company said.
The company has intimated that, “…if approved by the members at the forthcoming Eighty-second Annual General Meeting of the company, the dividend will be paid on or after Tuesday, August 18.”
The BSE 200 stock in the previous session settled 0.7 per cent, or Rs 179 lower, at Rs 26,089. The market capitalisation of the company stands at Rs 55,437.30 crore.
Abbott India’s stock has faced pressure in the short term, declining 6.6 per cent over the past month and 17.6 per cent over the last year. The stock is also down 8.4 per cent on a year-to-date basis. However, its long-term performance remains strong, delivering gains of nearly 15 per cent over three years, 59 per cent over five years, and an impressive 489 per cent return over the past decade.
(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.)
