Glenmark Life Sciences shares rise after announcement of Rs 21 dividend per equity share

Glenmark Life Sciences dividend news 2023: A day after Mumbai-based manufacturer of active pharmaceutical ingredients Glenmark Life Sciences declared a dividend of Rs 21 per equity share with a face value of Rs 2, Glenmark Life Sciences shares remained firmly in the green throughout a frantic session on Dalal Street on Friday. The Glenmark Life Sciences (GLS) shares increased by Rs 25 or 6.5 percent during the session to reach Rs 412.5 per share before closing up Rs 4.8% at Rs 406 per share.

According to provisional exchange statistics, 40,000 Glenmark Life shares traded hands on the market on Friday, down from a daily average of 62,000 over the previous two weeks.

When is the record date for the dividend from Glenmark Life Sciences?
The firm had previously declared March 24 as the record date for any such dividend.

What is a record date?
The shareholders qualified to gain from corporate action, such as a dividend payout, are determined by a record date.

When will the dividend for Glenmark Life be paid?
In a regulatory filing on Thursday, the directors of Glenmark Life stated that the dividend would be paid to qualified shareholders on or after March 29.