NOVARTIND
Novartis India Ltd
₹726.70
Novartis India Ltd Dividend 2023 : Should Novartis India Ltd be a part of your dividend portfolio?
Novartis India Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹1,800.82Cr. Its share price is ₹726.70 as on 24 September,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, Novartis India Ltd gave ₹57.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Basic Materials stocks do not always pay a dividend but as Novartis India Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2023, Novartis India Ltd has declared dividend of ₹10 - translating a dividend yield of 7.91%.
Let's look at Novartis India Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Novartis India Ltd’s revenue were ₹103.07Cr in the quarter ending June 2023. The revenuefell by -30.09% year on year basis since last quarter.
- Novartis India Ltd’s profits were ₹20.26Cr in the quarter ending June 2023. The profits fell by -61.32% year on year basis since last quarter.
- Novartis India Ltd’s dividend was ₹10 in the quarter ending March 2023.
Novartis India Ltd Dividend related ratios:
- Last dividend date: 10/05/2023
- Current Dividend Yield: 7.91%
- Annual dividend payment: ₹57.50
History of Novartis India Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
20/07/2023 | CASH | ₹10 | 10/05/2023 | 21/07/2023 |
20/07/2023 | CASH | ₹37.50 | 10/05/2023 | 21/07/2023 |
20/07/2022 | CASH | ₹10 | 19/05/2022 | 22/07/2022 |
17/08/2021 | CASH | ₹10 | 17/06/2021 | 20/08/2021 |
29/07/2020 | CASH | ₹10 | 19/06/2020 | 31/07/2020 |
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