Ajanta Pharma Limited, a specialty pharmaceutical formulation company, together with its subsidiaries, develops, manufactures, and markets finished dosages. The company markets and serves various therapeutic segments, such as anti-biotic, anti-malarial, anti-diabetic, cardiology, gynecology, pediatric, respiratory and general health products, dermatology, ophthalmology, and pain management areas. It also provides multivitamins, antibiotics, eye drops, cough syrups, etc. The company serves in India, Africa, rest of Asia, the United States, and internationally. It supplies its products to government bodies, including armed forces, government hospitals, canteens, stores department, etc. The company was founded in 1973 and is headquartered in Mumbai, India.
Ajanta Pharma Dividend Announcement
• Ajanta Pharma announced a semi annually dividend of ₹28.00 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-06
• Ajanta Pharma annual dividend for 2024 was ₹54.00
• Ajanta Pharma annual dividend for 2023 was ₹10.00
• Ajanta Pharma's trailing twelve-month (TTM) dividend yield is 1.88%
• Ajanta Pharma's dividend growth over the last five years (2018-2023) was 2.13% year
• Ajanta Pharma's dividend growth over the last ten years (2013-2023) was 7.18% year
Ajanta Pharma Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-06 | ₹28.00 | semi annually | 2024-11-27 |
2024-02-08 | ₹26.00 | semi annually | 2024-03-01 |
2023-08-04 | ₹10.00 | semi annually | 2023-08-26 |
2022-11-11 | ₹7.00 | semi annually | 2022-12-03 |
2021-11-09 | ₹9.50 | semi annually | 2021-11-28 |
2020-11-12 | ₹9.50 | semi annually | 2020-11-26 |
2019-11-15 | ₹13.00 | semi annually | 2019-12-05 |
2018-11-09 | ₹9.00 | semi annually | 2018-11-30 |
2017-03-23 | ₹7.00 | semi annually | 2017-04-17 |
2016-11-07 | ₹6.00 | semi annually | 2017-02-23 |
2016-03-17 | ₹8.00 | semi annually | 2016-07-01 |
2015-06-25 | ₹6.00 | semi annually | 2015-08-03 |
2014-07-24 | ₹8.00 | semi annually | 2014-09-04 |
2013-07-18 | ₹5.00 | semi annually | 2013-08-27 |
Ajanta Pharma Dividend per year
Ajanta Pharma Dividend growth
Ajanta Pharma Dividend Yield
Ajanta Pharma current trailing twelve-month (TTM) dividend yield is 1.88%. Interested in purchasing Ajanta Pharma stock? Use our calculator to estimate your expected dividend yield:
Ajanta Pharma Financial Ratios
Ajanta Pharma Dividend FAQ
Other factors to consider when evaluating Ajanta Pharma as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Ajanta Pharma's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Ajanta Pharma publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Ajanta Pharma distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Ajanta Pharma are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Ajanta Pharma sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Ajanta Pharma distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ajanta Pharma declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Ajanta Pharma's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Ajanta Pharma's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.