Now Reading: Bayer CropScience announces Rs 90 interim dividend, record date set
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Bayer CropScience announces Rs 90 interim dividend, record date set
Bayer CropScience announces Rs 90 interim dividend, record date set
The Story in Brief
Bayer CropScience Limited has declared an interim dividend of Rs 90 per equity share, a 900% payout on the face value of Rs 10 each, for the financial year 2026-27. The board has set Thursday, 12 November as the record date to determine shareholder eligibility. Investors must own the stock before this date to qualify, and the dividend will be disbursed by Monday, 30 November.
The company also reported a net profit of Rs 166.2 crore for the second quarter of FY27, up from Rs 152.7 crore in the same period last year. Profit before tax rose 6% to Rs 211.4 crore.
Shares of Bayer CropScience closed 0.45% higher at Rs 3,316.50 on the BSE on Friday, 6 November, with a market capitalisation of Rs 14,905.04 crore. The stock has gained 1.64% over one week but declined 6.17% in one month, 21.32% in three months and about 30.29% over one year.
Indian Opinion Analysis
The Rs 90 interim dividend signals strong cash flows, but the 30% one-year stock decline suggests market concerns about the company's growth outlook persist. The record date of 12 November and payment by 30 November give shareholders a clear timeline. Investors holding the stock before the record date will receive the payout, but the sharp three-month and one-year drops mean dividend yield alone may not compensate for capital losses. The next step is the record date itself.
Source: livemint.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
