Largecap pharma firm's board set to meet on this date to consider first interim dividend in 18 years

Glenmark Pharma Board Meeting Date: Mumbai-headquartered drug maker Glenmark Pharmaceuticals' board is set to meet on Friday, September 26, to consider a proposed interim dividend for the current financial year. If approved, this will be the pharmaceutical company's second such corporate action in the past one year;

Glenmark Pharma (GLENMARK) board meeting

After Monday's market hours, the drug maker said its board will, among other things, consider the proposed dividend on that day.

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Glenmark Pharma dividend record date

If approved, the payout will have a record date of September 30, according to a regulatory filing.

Glenmark dividend history

The pharma firm has been rewarding its shareholders regularly.

In the past five years, it has announced several final dividends.

First interim dividend in 18 years?

If a dividend materialises in the upcoming board meeting, it will mark the company's first interim payout in 18 years, data shows.

What is Glenmark Pharma? What does it do?

Glenmark Pharmaceuticals is a research-led pharmaceutical company with a presence across branded, generics and over-the-counter (OTC) segments.

Here are answers to a few frequently asked questions (FAQs) about dividends:

What is a dividend?

A dividend is a type of corporate action that lets a listed company to share a portion of its profits with its shareholders.

What is a dividend's record date?

The record date is a crucial cut-off date that a listed company sets to determine which shareholders are eligible to receive a declared dividend.

What is a dividend's ex-date?

It is the first day when the stock trades without the value of the upcoming dividend.

An ex-date is different from a record date. If you buy the stock on or after the ex-dividend date, you will not get the dividend.

Only shareholders owning the stock by the record date qualify.

Can a listed company skip paying dividends after declaring them?

Once a company declares a dividend, it is legally obligated to pay it to shareholders on the payment date.