Cipla Dividend: Last Day To Buy Shares To Qualify — Details Here

Shares of Cipla Ltd. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

Cipla's board announced a final dividend of Rs 13 per share and a special dividend of Rs 3 for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 27.

The company in the last financial year gave a divided of Rs 16 in total. The total value of the dividend to be disbursed amounts to around Rs 1,292 crore.

Given India's T+1 settlement cycle, shares purchased on the record date (June 27 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 26 will be the beneficiaries.

In comparison, the company had given a final dividend of Rs 13 in August 2024 and Rs 8.50 in July 2023.

Cipla's consolidated net profit rose 30% year-on-year in the fourth quarter of the current financial year, beating analysts' estimates.

The drugmaker posted a consolidated bottom line of Rs 1,222 crore in the quarter-ended March, according to an exchange filing on Tuesday. That compares with the Rs 1,023-crore consensus estimate of analysts tracked by Bloomberg.

The company's revenue climbed 9% year-on-year to Rs 6,729.69 crore, whereas the earnings before interest, taxes, depreciation and amortisation increased by 17% to Rs 1,538 crore. The Ebitda margin expanded to 22.8% from 21.4%.