Laurus Labs dividend: Company announces 20% payout—checkout record date, payout date

Laurus Labs dividend: Laurus Labs on Friday, October 20 announced a 20 per cent payout to its shareholders for the financial year 2023-24 along with its quaterly earning report. The pharmaceutical and biotechnology company announced an interim dividend of Rs 0.40 per share of Rs 2 each. Laurus Labs shares ended 0.96 per cent higher at Rs 400.2 on NSE. 

Laurus Labs dividend record date 2023 

The firm has fixed October 30 as record date for determining the eligibility of the shareholders. 

Laurus Labs dividend payout date 2023

The dividend amount will be paid on or after November 09, the company's regulatory filing read.

What is a record date?

A record date is a date that determines the shareholders eligible to benefit from corporate action such as a dividend. In other words, investors owning at least one share of the company on that day qualify to receive such a dividend.   

Laurus Labs dividend history

Prior to the latest dividend, Laurus Labs had declared 12 dividends since July 6, 2017, according to stock research portal Trendlyne.

Here's a summary of the dividend announcements by the pharma firm in the recent years:

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