Weizmann Announces Dividend Recommendation
Weizmann Limited (NSE: WEIZMANIND) has announced that its board of directors, at their meeting held on 28th May 2026, has recommended a dividend of Rs 0.50 per equity share. The recommendation represents a 5% payout on the face value of each share, which stands at Rs 10. The decision now awaits final approval from the company's shareholders at the upcoming Annual General Meeting.
Dividend Details
The recommended dividend translates to Re. 0.50 for every equity share held by investors as of the record date, which will be determined post-AGM confirmation. Shareholders who maintain their positions up to the eligible record date will be entitled to receive the payout upon formal approval.
- Dividend per share: Rs 0.50
- Payout percentage: 5%
- Face value per share: Rs 10
- Status: Board recommended, AGM approval pending
Next Steps for Shareholders
The dividend payment remains conditional on shareholder approval at the ensuing Annual General Meeting. Weizmann has not disclosed the specific date or venue of the AGM in the current announcement. Shareholders are advised to monitor the company's official communications for updates regarding the record date and dividend payment timeline. Typically, companies announce these details separately after the AGM schedule is finalized.
Understanding the Dividend Yield
At a dividend of Rs 0.50 per share with a face value of Rs 10, the indicated dividend yield will ultimately depend on the prevailing market price of Weizmann shares at the time of the record date. Investors tracking this corporate action should compare the dividend against the current market price to assess the effective yield. The 5% figure on face value serves as a reference but does not directly represent the yield based on market price.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Investors are advised to conduct their own research or consult a qualified financial advisor before making any investment decisions.