InvestorQ : Can you tell me about the special dividend pay out dates for Glaxo Smithkline?
Neelam Naik made post

Can you tell me about the special dividend pay out dates for Glaxo Smithkline?

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Ria Jain answered.
2 weeks ago
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Glaxo SmithKline has fixed 08th July as the record date for its proposed Rs150 per share dividend. While the company has already paid dividend of Rs.60 in the first 3 quarters of FY22, it has declared a final dividend of Rs90 per share, which includes Rs60 per share by way of special dividend. Last week, Glaxo closed at a market price of Rs1,506 and this hefty dividend is likely to put pressure on the stock price. In the last one year, the 52-week high has been Rs1,919 while the 52-week low has been Rs1,450.

The stock of Glaxo is trading below the 5 days, 20-day, 50-day, 100-day, and 200-day moving averages or DMA as it is popularly called. The dividend of Rs90 per share on the stock price of Rs.1,500 translates into 6% dividend pay-out. Since this is above 5%, then as per SEBI regulations, the dividend amount will be adjusted to the strike prices. A final word will be out from the NSE on this front.

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