Pfizer lockdown increases 10% on special dividend of Rs 320 per share
Investors took pleasure in pharmaceutical service provider Pfizer on Dalal Street, not only that the company saw a 10% rise in its market value on Monday. At around 2.33 pm, Pfizer shares at Rs. It was trading at Rs 4,790.50 per piece, up by 390.85 or 8.88%. Such excitement can be attributed to the declaration of special dividends.
Shares of Pfizer zoomed 10 per cent to Rs 4,842 on the BSE in the intra-day trade on Monday after its board declared a special dividend of Rs 320 per equity share of Rs 10 each i.e. 3200 per cent for the financial year ended March 31, 2020.
Throughout the session, the Pfizer shares clocked an intraday high and low of Rs4,842.10 per piece and Rs4,459 per piece respectively.
The stock opened at Rs 4,482 per piece on the Sensex, higher than the previous year's closing price of Rs4,399.65.
In a notification, Pfizer said that, the board of directors has declared a special dividend of Rs 320 per equity share of Rs. 10 / - each (3200%) for FY20.
The company has fixed May 8, 2020 as the record date for ascertaining eligible shareholders to get the said special dividend and will be given electronically through bank transfer on Tuesday, May 19, 2020, it added.
"The said special dividend will be paid to the eligible shareholders electronically through bank transfer on Tuesday, May 19, 2020. If the current Covid-19 lockdown scenario is extended, a physical warrant / demand draft, (of those shareholders Those not registered. Their bank mandate with the company), will be printed and dispatched after removing the lockdown.
The stock of the pharmaceutical company was trading close to its 52-week high of Rs 4,930 touched on March 3, 2020.
At 02:53 pm, it was up 8.5 percent at Rs 4,775 on the BSE, with the BSE Sensex rising 1.5 percent. A combined 253,000 equity shares have changed hands over the counter on the NSE and BSE by the time this report is written.
The dividend will be paid electronically through Bank transfer on Tuesday, May 19, 2020.In case the current Covid-19 lockdown scenario gets extended, members who have not registered their bank account details, the physical warrants/demand drafts will be printed and dispatched post removal of the said lockdown.
Investors took pleasure in pharmaceutical service provider Pfizer on Dalal Street, not only that the company saw a 10% rise in its market value on Monday. At around 2.33 pm, Pfizer shares at Rs. It was trading at Rs 4,790.50 per piece, up by 390.85 or 8.88%. Such excitement can be attributed to the declaration of special dividends.
Shares of Pfizer zoomed 10 per cent to Rs 4,842 on the BSE in the intra-day trade on Monday after its board declared a special dividend of Rs 320 per equity share of Rs 10 each i.e. 3200 per cent for the financial year ended March 31, 2020.
Throughout the session, the Pfizer shares clocked an intraday high and low of Rs4,842.10 per piece and Rs4,459 per piece respectively.
The stock opened at Rs 4,482 per piece on the Sensex, higher than the previous year's closing price of Rs4,399.65.
In a notification, Pfizer said that, the board of directors has declared a special dividend of Rs 320 per equity share of Rs. 10 / - each (3200%) for FY20.
The company has fixed May 8, 2020 as the record date for ascertaining eligible shareholders to get the said special dividend and will be given electronically through bank transfer on Tuesday, May 19, 2020, it added.
"The said special dividend will be paid to the eligible shareholders electronically through bank transfer on Tuesday, May 19, 2020. If the current Covid-19 lockdown scenario is extended, a physical warrant / demand draft, (of those shareholders Those not registered. Their bank mandate with the company), will be printed and dispatched after removing the lockdown.
The stock of the pharmaceutical company was trading close to its 52-week high of Rs 4,930 touched on March 3, 2020.
At 02:53 pm, it was up 8.5 percent at Rs 4,775 on the BSE, with the BSE Sensex rising 1.5 percent. A combined 253,000 equity shares have changed hands over the counter on the NSE and BSE by the time this report is written.
The dividend will be paid electronically through Bank transfer on Tuesday, May 19, 2020.In case the current Covid-19 lockdown scenario gets extended, members who have not registered their bank account details, the physical warrants/demand drafts will be printed and dispatched post removal of the said lockdown.
