Divi's Laboratories Limited manufactures and sells generic active pharmaceutical ingredients (APIs) and intermediates, and nutraceutical ingredients in India, the United States, Asia, Europe, and internationally. It also undertakes custom synthesis of APIs and intermediates; and supplies a range of carotenoids, as well as markets vitamins to nutritional, pharma, food/beverage, and feed industries. The company was formerly known as Divi's Research Center and changed its name to Divi's Laboratories Limited in 1994. The company was incorporated in 1990 and is headquartered in Hyderabad, India.
Divi's Laboratories Dividend Announcement
• Divi's Laboratories announced a annually dividend of ₹30.00 per ordinary share which will be made payable on 2024-09-11. Ex dividend date: 2024-08-02
• Divi's Laboratories annual dividend for 2024 was ₹30.00
• Divi's Laboratories annual dividend for 2023 was ₹30.00
• Divi's Laboratories's trailing twelve-month (TTM) dividend yield is 0.5%
• Divi's Laboratories's dividend growth over the last five years (2018-2023) was 24.57% year
• Divi's Laboratories's dividend growth over the last ten years (2013-2023) was 7.18% year
Divi's Laboratories Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-02 | ₹30.00 | annually | 2024-09-11 |
2023-08-11 | ₹30.00 | annually | 2023-09-27 |
2022-08-11 | ₹30.00 | annually | 2022-09-21 |
2021-08-17 | ₹20.00 | annually | 2021-09-29 |
2020-02-25 | ₹16.00 | annually | 2020-03-05 |
2019-08-14 | ₹16.00 | annually | 2019-09-06 |
2018-08-31 | ₹10.00 | annually | 2018-09-19 |
2017-09-15 | ₹10.00 | annually | 2017-10-10 |
2016-03-17 | ₹10.00 | annually | 2016-03-29 |
2015-08-06 | ₹20.00 | annually | 2015-09-10 |
2014-07-31 | ₹20.00 | annually | 2014-09-08 |
2013-07-25 | ₹15.00 | annually | 2013-08-19 |
Divi's Laboratories Dividend per year
Divi's Laboratories Dividend growth
Divi's Laboratories Dividend Yield
Divi's Laboratories current trailing twelve-month (TTM) dividend yield is 0.5%. Interested in purchasing Divi's Laboratories stock? Use our calculator to estimate your expected dividend yield:
Divi's Laboratories Financial Ratios
Divi's Laboratories Dividend FAQ
Other factors to consider when evaluating Divi's Laboratories 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: Divi's Laboratories'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, Divi's Laboratories 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, Divi's Laboratories 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 Divi's Laboratories 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: Divi's Laboratories 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, Divi's Laboratories distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Divi's Laboratories 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 Divi's Laboratories'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 Divi's Laboratories'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.