Abbott India sets July 24 record date for ₹656 dividend

2 min read     Updated on 15 Jun 2026, 02:49 PM
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Reviewed by
Suketu GScanX News Team
AI Summary

Abbott India Limited announced a record date of July 24, 2026, for a final dividend of ₹525 and a special dividend of ₹131 per share, totaling ₹656 per share. The company outlined TDS regulations under the Income Tax Act, 2025, specifying rates ranging from 0% to 20% based on shareholder residency and PAN status. Shareholders must submit all necessary documentation by July 24, 2026, to facilitate correct tax deduction.

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Abbott India Limited has established July 24, 2026, as the record date for the payment of a final dividend of ₹525 and a special dividend of ₹131 per equity share of ₹10 each for the financial year ended March 31, 2026. The total payout of ₹656 per share is subject to shareholder approval at the Annual General Meeting scheduled for August 13, 2026. The company will pay the dividend on or after August 18, 2026, to members listed on the Register of Members or Beneficial Owners as of the record date.

In compliance with the Income Tax Act, 2025, the company will deduct tax at source (TDS) on the dividend distribution. The applicable TDS rate depends on the residential status and category of the shareholder, as well as the validity of the Permanent Account Number (PAN) submitted. The company will rely on the compliance check utility provided by the Income Tax Department to verify PAN status and determine the appropriate withholding rate.

Resident individual shareholders are exempt from TDS if their total dividend income for the financial year 2026-27 does not exceed ₹10,000. For those exceeding this threshold, a standard TDS rate of 10% applies, provided a valid PAN is registered. Shareholders may submit Form 121 along with a self-attested copy of their PAN to claim nil deduction. In the absence of a valid PAN or if the PAN is inoperative, a higher TDS rate of 20% will be levied.

Non-resident shareholders can benefit from lower tax treaty rates upon submission of specific documents, including a self-attested PAN copy, Tax Residency Certificate (TRC) for FY 2026-27, and electronically generated Form 41. If these documents are not submitted, a TDS rate of 20% plus applicable surcharge and cess will apply. Special provisions exist for Foreign Institutional Investors (FII), Foreign Portfolio Investors (FPI), and Alternative Investment Funds located in International Financial Services Centres, where tax rates may vary between 10% and 20% depending on the category and documentation provided.

Shareholders must update their PAN, bank details, and residential status with their Depository Participant or the Registrar and Transfer Agent by July 24, 2026. All required documents, such as Form 121, TRC, and Form 41, must be uploaded to the KFin Technologies Limited portal by this deadline to ensure the correct tax deduction. The company reserves the right to reject incomplete or discrepant documentation and will not refund taxes deducted based on the information submitted.

Summary of Applicable TDS Rates

Shareholder Category TDS Rate Conditions
Resident Individuals Nil Total dividend ≤ ₹10,000 for FY 2026-27
Resident Individuals 10% Valid PAN provided and dividend > ₹10,000
Resident Individuals 20% PAN not provided, invalid, or inoperative
Non-Residents Treaty Rate Based on Double Tax Avoidance Agreement
Non-Residents 20% + surcharge + cess If required documents are not submitted

Historical Stock Returns for Abbott

1 Day5 Days1 Month6 Months1 Year5 Years
-0.56%-0.57%-7.10%-6.65%-18.06%+57.82%

How will this substantial ₹656 per share payout impact Abbott India's free cash flow and capital allocation plans for FY2027?

What signal does the declaration of a special dividend send about the company's future growth prospects and potential reinvestment opportunities?

How might the new Income Tax Act, 2025 compliance requirements affect foreign investor sentiment and trading volumes leading up to the record date?

Abbott declares 410th consecutive quarterly dividend of 63 cents

0 min read     Updated on 13 Jun 2026, 12:04 AM
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Jubin VScanX News Team
AI Summary

Abbott declared a quarterly common dividend of 63 cents per share, payable on Aug. 17, 2026, to shareholders of record on July 15, 2026. This represents the 410th consecutive quarterly dividend since 1924. The company has increased its dividend for 54 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index.

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Abbott has declared a quarterly common dividend of 63 cents per share, marking the 410th consecutive quarterly dividend paid by the company since 1924. The board of directors approved the payout, continuing a streak of shareholder returns that spans over a century. The cash dividend is payable on Aug. 17, 2026, to shareholders of record at the close of business on July 15, 2026.

The company has increased its dividend payout for 54 consecutive years. This track record qualifies Abbott as a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have increased dividends annually for at least 25 consecutive years.

Dividend Details

Date Event
June 12, 2026 Declaration Date
July 15, 2026 Record Date
Aug. 17, 2026 Payment Date

The dividend of 63 cents per share applies to common stockholders. Abbott operates as a global healthcare leader, with a portfolio spanning diagnostics, medical devices, nutritionals, and branded generic medicines. The company serves people in more than 160 countries.

Historical Stock Returns for Abbott

1 Day5 Days1 Month6 Months1 Year5 Years
-0.56%-0.57%-7.10%-6.65%-18.06%+57.82%

Will Abbott be able to maintain its 54-year dividend growth streak amidst current global economic challenges?

How might Abbott's diversified healthcare portfolio influence its future dividend sustainability compared to peers?

What impact could rising interest rates have on the attractiveness of Abbott's dividend yield to investors?

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1 Year Returns:-18.06%