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Pfizer spurts after board declares special dividend

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Pfizer rallied 8.08% to Rs 4,755.25 after the company said its board declared a special dividend of Rs 320 per equity share for the financial year ended 31 March 2020.

The record date is fixed on 8 May 2020. The stock offers a dividend yield of 6.73% at the current market price. The announcement was made during trading hours today, 27 April 2020.

The Indian drug maker's standalone net profit rose 5.4% to Rs 139.06 crore on a 4.7% increase in net sales to Rs 538.18 crore in Q3 December 2019 over Q3 December 2018.

Pfizer is a research-based global biopharmaceutical company which is engaged in the discovery, development and manufacture of healthcare products.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, April 27 2020. 14:10 IST