Aurobindo Pharma Limited Dividend 2024 Record Date, Share Price, History

News: Aurobindo Pharma Limited is a prominent pharmaceutical company headquartered in India. Established in 1986, it has grown to become a global player in the pharmaceutical industry. Here are some key points about Aurobindo Pharma:

What Is A Dividend?

Before we dive into Aurobindo Pharma’s dividend, let’s understand what a dividend is. A dividend is a portion of a company’s profits that it distributes to its shareholders. It’s like sharing the cake with everyone who owns a slice!

Aurobindo Pharma’s Dividend History

Aurobindo Pharma, a leading pharmaceutical company, has consistently rewarded its shareholders with dividends. These payouts reflect the company’s financial health and commitment to its investors.

Dividend Record Date

The record date is crucial for dividend enthusiasts. It’s the date when the company checks its records to identify who the shareholders are. If you own Aurobindo Pharma shares on this date, you’re eligible for the dividend. For 2024, the record date is yet to be announced, so keep an eye out!

Dividend Amount

At the current share price of Rs 1003.15, Aurobindo Pharma’s dividend yield stands at 0.3%. In simple terms, if you own shares worth Rs 10,000, you’ll receive around Rs 30 as a dividend. Not bad, right?

Why Dividends Matter

Dividends provide a steady income stream for investors. Whether you’re a seasoned investor or just starting, dividends can be a sweet bonus. They also indicate the company’s stability and confidence in its future growth.

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About Aurobindo Pharma Limited :

1. Product Portfolio: Aurobindo Pharma manufactures and markets a wide range of pharmaceutical products, including generic medicines, active pharmaceutical ingredients (APIs), and specialty formulations. Their offerings cover various therapeutic areas such as cardiovascular, central nervous system, anti-infective, and more.

2. Global Presence: The company exports its products to over 150 countries worldwide. Its strong presence in international markets has contributed significantly to its success.

3. Research and Development: Aurobindo Pharma invests in research and development (R&D) to develop innovative formulations and enhance existing products. Their commitment to quality and safety is reflected in their robust R&D efforts.

4. Manufacturing Facilities: Aurobindo Pharma operates state-of-the-art manufacturing facilities that adhere to stringent quality standards. These facilities are approved by regulatory authorities like the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA).

5. Financial Performance: Over the years, Aurobindo Pharma has demonstrated consistent financial performance. Its revenue growth, profitability, and shareholder value have been commendable.

Aurobindo Pharma’s dividend history and consistent payouts make it an attractive choice for investors. Keep an eye on the record date, and who knows—you might enjoy a slice of that dividend cake!

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Frequently Asked Questions

Q: Who can get the second interim dividend?

A: If you’re a shareholder and you’re on the list as of February 20, 2024, you can get the dividend.

Q: How much is the second interim dividend?

A: Each equity share of Re. 1/- will get Rs. 1.50 as the second interim dividend.

Q: When do I get the dividend money?

A: You can expect the payment on or before March 4, 2024.