Shares in Pfizer and Wyeth has plunged more than 15% each after both these stocks turned ex-dividend today.
Pfizer has tanked as much as 24% or Rs 406 to Rs 1,305, while Wyeth dipped 16.3% or Rs 162 to Rs 831 on the Bombay Stock Exchange (BSE).
The board of directors of Pfizer at their meeting held on November 23, 2013 had approved the payment of interim dividend of Rs 360 per equity share of Rs 10 each (3600%) to the shareholders of the company.
While, the board of Wyeth had approved the payment of interim dividend of Rs 145 per equity share of Rs 10 each (1450%).
Both these companies have fixed the record date for payment of interim dividend as December 06, 2013 for the purpose of determining the eligibility of shareholders for payment of interim dividend. The said interim dividend will be paid on December 17, 2013.
Pfizer has tanked as much as 24% or Rs 406 to Rs 1,305, while Wyeth dipped 16.3% or Rs 162 to Rs 831 on the Bombay Stock Exchange (BSE).
The board of directors of Pfizer at their meeting held on November 23, 2013 had approved the payment of interim dividend of Rs 360 per equity share of Rs 10 each (3600%) to the shareholders of the company.
While, the board of Wyeth had approved the payment of interim dividend of Rs 145 per equity share of Rs 10 each (1450%).
Both these companies have fixed the record date for payment of interim dividend as December 06, 2013 for the purpose of determining the eligibility of shareholders for payment of interim dividend. The said interim dividend will be paid on December 17, 2013.
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