How many Glenmark Life Sciences Ltd stocks you should buy for 5000 Rs dividend per year?

devpress (48)in #blog • 2 months ago

To determine how many Glenmark Life Sciences Ltd stocks you should buy to receive Rs. 5000 in dividends per year, we need to analyze the historical dividend data provided and make an assumption about the future dividend payments.

Given:

Current stock price: Rs. 834
Target annual dividend: Rs. 5000

Dividend data:

Ex-Date,Type,Dividend (Rs)
17 Oct 2023,Interim,22.50
24 Mar 2023,Interim,21.00
15 Sep 2022,Final,10.50
22 Nov 2021,Interim,10.50

Step 1: Calculate the total dividend paid per share in the last 12 months.
Total dividend per share = 22.50 + 21.00 + 10.50 = Rs. 54

Step 2: Assume the dividend per share for the next 12 months will be the same as the last 12 months.
Assumed annual dividend per share = Rs. 54

Step 3: Calculate the number of shares required to receive Rs. 5000 in dividends.
Number of shares required = Target annual dividend / Assumed annual dividend per share
Number of shares required = 5000 / 54 ≈ 92.59 shares

Step 4: Calculate the total investment required to buy the required number of shares.
Total investment required = Number of shares required × Current stock price
Total investment required = 92.59 × 834 = Rs. 77,220.06

Therefore, to receive Rs. 5000 in dividends per year from Glenmark Life Sciences Ltd, you would need to buy approximately 93 shares at the current price of Rs. 834 per share, which would require a total investment of around Rs. 77,220.

Please note that this calculation assumes that the dividend per share for the next 12 months will be the same as the last 12 months, which may or may not be the case. Additionally, the dividend payments are subject to the company's performance and the board's decision, and they may change in the future.

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