1170% Dividend: Pharma Stock Surges 11% Post Dividend Announcement, Beat Sensex, Check Record Date

Sanofi India shares have outperformed BSE Sensex and surged over 11% in a month post dividend announcement on 18 March. The pharma stock has made decent gains since the beginning of 2025, despite stock market correction.

Sanofi India's board of directors had recommended a final dividend of Rs 117 per equity share with a face value of Rs 10 per share for the financial year, which ended in December 2024. The company had announced dividend for the the financial year while announcing the company result for the quarter that ended in December. The pharmaceutical company has also announced record date for the dividend payment.

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Sanofi India Share Price Trend: Pharma Stock Bucks Market Trend

Sanofi India shares closed 2.24% higher at Rs 6185.30 per share on BSE on Friday, April 11, with a market capitalisation of Rs 68.7 crore. The company's scrip value has increased nearly 9.84% in one month, whereas Sensex has increased only 1.42%. Sanofi India stock has increased nominally 1.49% year to date, in contrast to Sensex, which has dropped 4.27% since the beginning of 2025.

Sanofi India Dividend

The company had announced a dividend of Rs 117 per equity share for the financial year 2023-24 in February, which was 1170% of its stock's face value, ie Rs 10.

"For the continuing business, the Board has recommended maintaining the final Dividend at ₹117 per equity share of ₹ 10 for the year ended December 31, 2024 . The dividend will be paid after approval of shareholders at ensuing Annual General Meeting of the Company," read Sanofi India's press release dated 27 February, 2025.

The company had said that the dividend will be paid after the approval of shareholders at the ensuing Annual General Meeting.

Sanofi India Dividend Record Date

Sanofi India has fixed 25th April as the record date for the dividend payment to check the eligibility of the shareholders. While notifying about the dividend record date, the company also announced the appointment of Rahul Bhatnagar as an Independent Director of the Company for a second term of five consecutive years starting from 29th July 2025 to 28th July 2030.

Sanofi India Dividend Payment: How To be Eligible For Payment?

Sanofi India declared the record date, which is the cut-off date to determine the eligibility of shareholders for dividend payment. To become eligible for Sanofi India dividend, it is important for investors to own the share on or before the record date and be a part of its shareholders' list on 25 April.

"Payment of the Final Dividend will be made to those members whose names are on the Company's Register of Members on Friday, 25th April 2025 ("Record Date") and those whose names appear as Beneficial Owners as at the close of the business hours on Friday, 25th April 2025 as per the details to be furnished by the Depositories, viz. NSDL and CDSL, for this purpose," read Sanofi India's press release on 18th March 2025.

Sanofi India, a subsidiary of Sanofi, is a major player in the Indian pharmaceutical market. It is offering a wider range of medicines and vaccines for various therapeutic areas.