Albert David Ltd has announced a robust final dividend of ₹11.50 per equity share for FY2024-25, underscoring its commitment to rewarding shareholders amid a solid financial performance. The board’s decision, declared on May 13, 2025, continues the company’s impressive dividend growth trajectory and highlights its financial resilience in the competitive pharmaceuticals sector.
Key Highlights:
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Generous Dividend: The board has approved a final dividend of ₹11.50 per share, up from ₹9 per share last year, reflecting a consistent upward trend in payouts over recent years.
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Record Date and Eligibility: Shareholders on record as of August 2, 2024, will be eligible to receive the dividend, with the ex-dividend date also set for August 2, 2024.
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Attractive Yield: With a current share price around ₹791.60–₹875.25, the dividend yield stands at approximately 1.3%–1.4%, outpacing the industry average and reinforcing Albert David’s appeal to income-focused investors.
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Track Record of Growth: Albert David has steadily increased its dividend over the past decade, with a 6.1% annual growth rate in dividend payments, demonstrating stability and a shareholder-friendly approach.
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Earnings Coverage: The company’s low payout ratio (about 9%) ensures that dividends are well covered by earnings, supporting both sustainability and the potential for future increases.
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Market Sentiment: The announcement has been well received, with analysts noting Albert David’s strong balance sheet and consistent cash generation as key drivers behind its reliable dividend policy.
This latest dividend declaration cements Albert David’s status as a dependable choice for investors seeking both growth and regular income.
Sources: Moneycontrol, Simply Wall St, ET Money, BlinkX, INDmoney