Alembic Ltd has announced a final dividend of ₹2.40 per equity share for the financial year 2024-25, reinforcing its commitment to shareholder returns amid a year of steady performance and profit growth. The dividend was declared on May 13, 2024, and will be paid to shareholders whose names appear on the record date of August 5, 2024.
Key Highlights:
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Dividend Declaration: Alembic Ltd’s board has approved a final dividend of ₹2.40 per share, matching last year’s payout and reflecting the company’s consistent dividend history.
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Shareholder Benefit: Investors holding shares as of the record date, August 5, 2024, will be eligible to receive the dividend.
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Dividend Yield: With a current share price of around ₹103.77, the dividend yield stands at an attractive 2.4%, underscoring Alembic’s focus on rewarding its investors.
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Track Record: Alembic has steadily increased its dividend over the years, with payouts rising from ₹0.20 in 2021 to ₹2.40 in 2024, signaling robust financial health and a shareholder-friendly approach.
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Financial Performance: The company reported a 25.78% jump in net profit in the June 2024 quarter, supporting its ability to sustain healthy dividends.
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Market Sentiment: The announcement has been positively received, aligning with Alembic’s reputation for stability and long-term value creation in the chemicals and pharmaceuticals sector.
This latest dividend cements Alembic Ltd’s position as a reliable choice for income-focused investors, balancing growth with consistent shareholder rewards.
Sources: INDmoney, Moneycontrol, BlinkX