Rs 117/Share Dividend: LIC-Backed Pharma Giant To Go Ex-Dividend, Yield 4.98%; Buy/Hold?

Mid cap pharmaceuticals sector company Sanofi India share price on BSE is Rs 8563.95 per share with intraday fall of 1.99%. Sanofi India shares offer attractive dividend yield of 4.98% and maintains an attractive dividend history too.

In just last 12 months only, Sanofi India shelled out Rs 427 per share dividend to its shareholders. Sanofi India shares offered return of 46% in last 1-year and zoomed 12% in last 2-weeks. It's is worth mentioning that FIIs stake in Sanofi India is 6.31% and DIIs stake is 20.83%. Check details below:

LIC Stake Soaring For Last 3-Years: It is important to note that Life Insurance Corporation Of India holds 5.95% stake in Sanofi India with 13,69,833 shares of the pharma company. LIC holding in Sanofi India has been consistent since March 2022 at 5.95%. Earlier it was 5.94% in December 2021 and 4.90 in Sept 2021, and 4.56% in March 2021.

Sanofi India To Go Ex-Dividend In May: The pharma company recommended a final dividend of Rs 117/- per equity share of the face value of Rs 10 each for the Financial Year ended 31 st December 2023, subject to the approval of Shareholders at the ensuing 68th Annual General Meeting."

As per the company's regulatory filing dated February 23, 2024, "Payment of dividend will be made on or after 24th May 2024, to those members whose names are on the Company's Register of Members on Friday, 3rd May 2024 and those whose names appear as Beneficial Owners as at the close of the business hours on Friday, 3rd May 2024 as per the details to be furnished by the Depositories, viz. NSDL and CDSL for this purpose."

Sanofi India Dividend History: The pharma company announced 50 dividends since May 17, 2001. In last 12 months, Sanofi India announced an equity dividend of Rs 427.00 per share. At the current share price of Rs 8563.6500, Sanofi India Ltd offers a dividend yield of 4.98%.

Sanofi India Shares Performance & Return: The 52-week high price of Sanofi India shares on BSE is Rs 9,370.35 per share and 52-week low price is Rs 5,329.70 per share, respectively. The company's market capitalisation is Rs 19,722.78 crore. Sanofi India shares declined marginally by 1% in last 1-month, gained over 17% in last 6-months, and offered return of more than 11% in last 2-years. Sanofi India stock surged 45.28% in last 5-years.

Sanofi India Gets Hold Call: ICICI Securities has recommended hold rating for Sanofi India shares with target price of Rs 9170 per share.

About Sanofi India: It came into existence in 1956. It offers innovative solutions in preventive healthcare (vaccines) as well as in treatment for allergy, pain, diabetes, rare diseases, and other therapeutic areas.

Disclaimer: The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.