HIKAL LTD Dividend 2024 Record Date, Share Price, History

News: In the world of finance, dividends play a crucial role. They are like little rewards that companies give to their shareholders. One such company that has caught our attention is Hikal Ltd. Let’s dive into the details of their 2024 dividend, including the record date, share price, and historical context.

What Is Hikal Ltd?

Hikal Ltd is a pharmaceutical company that operates in India. They are involved in the production of various chemicals, active pharmaceutical ingredients (APIs), and crop protection products. As a publicly traded company, they have shareholders who invest in their growth and success.

The 2024 Dividend

For the financial year ending in March 2023, Hikal Ltd declared an equity dividend of 60.00%, which amounts to Rs 1.2 per share. This means that for every share you own, you would receive Rs 1.2 as a dividend.

Record Date

The record date for the 2024 dividend is 20th February 2024. On this date, the company will determine who the eligible shareholders are. If you own Hikal Ltd shares on or before this date, you’ll be entitled to receive the dividend.

Share Price

As of 8th February 2024, Hikal Ltd announced a dividend of Rs 0.6 per share. The current share price stands at Rs 294.10. Keep in mind that share prices can fluctuate based on market conditions, company performance, and other factors.

Historical Context

To understand the significance of this dividend, let’s take a quick look at Hikal Ltd’s dividend history. While we don’t have the complete historical data here, it’s essential to recognize that dividends reflect a company’s financial health and commitment to its shareholders. Regular dividends can attract investors and provide stability.

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About HIKAL LTD :

Who Is Hikal Ltd?

Hikal Ltd is a pharmaceutical company based in India. Established in 1988, it has become a reliable partner for various industries, including:

1. Pharmaceuticals: Hikal provides active pharmaceutical ingredients (APIs), custom manufacturing, intermediates, and advanced intermediates.
2. Crop Protection: They specialize in producing active ingredients and advanced intermediates for crop protection.
3. Specialty Chemicals: Hikal offers solutions in this domain as well.
4. Research & Technology: Their expertise extends to process development, new product development, and contract and custom development.

Facilities and Certifications

Hikal operates five manufacturing facilities across India, located in Maharashtra (Taloja and Mahad), Gujarat (Panoli), and Karnataka (Jigani). These facilities undergo regular inspections by multinational companies and global regulatory authorities.

Notably, Hikal is the first Indian life sciences company to receive the Responsible Care certification granted by the International Council of Chemical Associations (ICCA). This certification reflects their commitment to safety, health, and environmental protection.

Global Reach

Hikal serves a global clientele, providing world-class active ingredients, intermediates, and R&D services. Their enduring relationships with companies like Sumitomo Corporation, AgrEvo, Merck, and Novartis underscore their reputation in the industry.

Hikal Ltd’s 2024 dividend is a positive sign for shareholders. If you’re an investor, mark your calendar for the record date and keep an eye on the share price.

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