650% Dividend Alert: Cipla shares to turn ex-dividend on this date; are you eligible for the Rs 13 payout?

Dividend Alert: Shares of Cipla are likely to remain in focus as the pharmaceutical major goes ex-dividend for its final dividend of Rs 13 per share for FY26.

The company has fixed June 5 as the record date for determining shareholders eligible to receive the dividend. Investors looking to qualify for the payout needed to purchase the stock before the ex-dividend date, as shares bought on or after June 5 will not carry dividend benefits.

The dividend of Rs 13 per equity share, with a face value of Rs 2 each, translates into a payout of 650 per cent.

Dividend unchanged from last year

Cipla has maintained its final dividend at the same level as the previous year.

In FY25, the company had declared a final dividend of Rs 13 per share. Shareholders had also received a special dividend of Rs 3 per share as part of the company's 90th anniversary celebrations.

The latest payout continues the company's track record of rewarding shareholders through regular dividends.

How the dividend works

Only investors whose names appear in the company's records as of the record date will be eligible for the dividend.

Because Indian stock markets follow a T+1 settlement cycle, investors needed to own the shares before the ex-dividend date to qualify. Those buying the stock on the ex-date will not receive the current dividend.

The dividend amount will be credited directly to eligible shareholders' bank accounts after the completion of regulatory and shareholder approval processes.

Stock trades near Rs 1,373

Cipla shares closed at Rs 1,373.20 on Wednesday ahead of the record date.

At the current market price, the final dividend translates into a yield of just under 1 per cent.

The stock has traded between Rs 1,165.70 and Rs 1,673 over the last 52 weeks, reflecting the broader movement seen across pharmaceutical counters during the period.

Consistent shareholder payouts

Over the last few years, Cipla has maintained a steady dividend distribution policy.

The company paid a final dividend of Rs 13 per share in both FY24 and FY25, while shareholders received Rs 8.50 per share in FY23.

The consistency in payouts has made the stock a regular feature in dividend-focused portfolios, even though its yield remains modest compared with some high-dividend sectors.

For investors, the immediate focus now shifts to the dividend payment timeline, with the payout expected to reach eligible shareholders in the weeks following the record date.