Pharmaceutical major Abbott India is trading ex-dividend today, July 24, 2026, following its announcement of a significant total dividend of Rs 656 per equity share. The company had previously fixed July 24, 2026, as the record date for this substantial payout, which was approved by shareholders at its recent Annual General Meeting (AGM).
Dividend Details and Payout Schedule
The Rs 656 per share dividend comprises two components: a special dividend of Rs 131 per share (1,310%) and a final dividend of Rs 525 per share (5,250%). This combined payout underscores the company's strong financial performance. Eligible shareholders, as recorded on July 24, 2026, can expect to receive their dividend payments on or after August 18, 2026.
Market Performance and Analyst Outlook
On Thursday, shares of Abbott India closed at Rs 28,735.45, experiencing a slight decline. The company commands a market capitalization exceeding Rs 61,000 crore. While the stock is down approximately 19% from its 52-week high of Rs 35,280 recorded a year ago, it has more than doubled investor wealth over the past five years.
Brokerage firms maintain a positive outlook on Abbott India. 360 One Capital has a 'buy' rating with a target price of Rs 35,500, citing expected healthy growth around 10% and improved sales from its partnership with Novo. ICICI Securities also recommends a 'buy' with a target of Rs 32,000, while BoB Capital Markets set a target of Rs 36,457, also with a 'buy' rating.
Shareholding Structure
Promoters hold a significant 74.99% stake in Abbott India, with public shareholders owning the remaining 25.01%. Institutional investors, including over 34 mutual fund schemes, collectively hold 7.44% of the company's shares. Retail investors, numbering more than 75,000, account for 14.22% of the total shareholding.
Other Companies Trading Ex-Dividend Today
Several other companies are also trading ex-dividend on July 24, 2026, including Bharti Airtel, Hero MotoCorp, Divis Laboratories, Advanced Enzyme, and Zydus Lifesciences, among many others across various sectors.