Zydus Lifesciences dividend: Drug maker announces 600% payout

Zydus Lifesciences dividend 2023: Zydus Lifesciences announced a final dividend of Rs 6 per equity share of face value of Re 1 i.e., a 600 per cent payout to its shareholders. 

"The Board of Directors at their meeting held today have recommended final dividend of Rs. 6.00/- (@ 600%) per equity share of Re. 1/- each, subject to approval of the shareholders at the ensuing Annual General Meeting scheduled to be held on August 11, 2023, " the drug maker's filing said. 

Zydus Lifesciences dividend history

Source: NSE

Zydus Lifesciences share price NSE, Zydus Lifesciences share price history 

Shares of Zydus Lifesciences on Thursday ended at Rs 507.95, down 2.09 per cent or Rs 10.85 on NSE. Zydus Lifesciences's stock has given a positive return of nearly 50 per cent in the last year (May 18, 2022). In comparison, the headline index Nifty 50 has rallied nearly 15 per cent.

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