Dividend stock: Mid-cap pharma company announces Rs 200/share payout, to trade ex-date soon

Dividend stock: Procter & Gamble Health, a pharmaceutical company that makes a range of over-the-counter products, announced an interim dividend of Rs 200 per share on February 1. The stock of P&G Health stock is scheduled to trade ex-date on Wednesday, February 14.

The dividend comprises a one-time special payout of Rs 150 per share and an interim dividend of Rs 50 per share. "We are pleased to inform you that the Board of Directors of the Company at its meeting held today, inter alia, have declared an Interim Dividend for the Financial Year 2023-24 of Rs 200 (including one-time special dividend of Rs. 150) per Equity Share having face value of Rs. 10/- each," the company said in a regulatory filing dated February 6.

P&G dividend 2024 record date

The company has fixed February 14 as the record date for the dividend of Rs 200 per share. "The said interim dividend will be payable to those shareholders whose names appear in the Register of Members of the company or in the records of the Depositories as beneficial owners of the shares as at the close of business hours on Wednesday, February 14, 2024 (Record date)," the filing added.

The mid-cap company also announced its financial results for the October-December period. LINK PLS Read more on P&G Health results

P&G Health Q2 results: PAT dips 6% to Rs 72 crore

P&G Health's profit after tax declined 6 per cent to Rs 72 crore for the second quarter, and total income grew to Rs 315 crore from Rs 314 crore a year ago, it said. The company follows a July-June financial year.

P&G Health shares: Past performance

Procter & Gamble Health shares have risen nearly 15 per cent in the past year, underperforming a 24 per cent rise in the benchmark Nifty index.

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