Sanofi India board declares dividend; check out record date, payment date here

Pharmaceutical company Sanofi India's board on Friday, February 23, declared an interim dividend of Rs 50 per equity share of the face value of Rs 10 each.

Sanofi India interim dividend record date

The board of the drug maker fixed March 7 as the record date for the interim dividend, according to a regulatory filing post-market hours. 

Sanofi India interim dividend payment date

The company said the interim dividend will be paid on or after March 20, the filing added.

Sanofi India final dividend & record date

The company's board also recommended a final dividend of Rs 117 per equity share of the face value of Rs 10 each for the year ended December 31, 2023. The pharma firm follows a January-December financial year.  

It announced May 3 as the record date for the final dividend.  

The final dividend was subject to the approval of shareholders at the company's ensuing 68th annual general meeting (AGM). 

Sanofi India final dividend payment date

The final dividend will be paid on or after May 24, according to the filing.  

What is a record date?

A record date is the last date on which shareholders are eligible to receive a dividend. In other words, investors holding a stock due to undergo corporate action before the end of trade on the record date become eligible to receive the benefit of such corporate action.  

What is an ex-date or ex-dividend date?

It is the date on which the value of a corporate action-related benefit, such as a dividend, is adjusted to the price of the stock.  

Sanofi India shares

Sanofi India shares ended 0.9 per cent lower at Rs 9,132.8 apiece on BSE ahead of the announcements. 

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