Aster DM Healthcare Board Greenlights Dividend (Image Source: iStockphoto)
Aster DM Healthcare, a leading hospital chain, announced a huge dividend in board meeting held on April 12, 2024.
The board deliberated on the declaration of both interim and special dividends, as outlined in the company’s earlier disclosure on April 5, 2024. After careful consideration, they greenlit a special dividend of Rs 118/- per share.
The shareholders listed on the Register of Members as of the Record Date will be eligible for this special dividend, slated for disbursement within 30 days of declaration.
As per the company’s filing on the BSE, “Following deliberations, the Board of Directors approved declaration of a Special Dividend of INR 118/- per share on account of the receipt of proceeds from the sale of the GCC business and redemption of Redeemable Preference shares issued to the Company by Affinity Holdings Pvt Ltd , a wholly owned material subsidiary of the Company, on 49,95,13,060 equity shares of INR 10/- each payable to those shareholders whose names stand on the Register of Members of the Company as on the Record Date. The special dividend will be paid within 30 (thirty) days from the date of the declaration.”
On Friday, the shares of Aster DM Healthcare closed at Rs 487.95, 2.66 per cent up from the previous day’s closing. The 52 week high and low of the share is Rs 500.60 and Rs 238.90 respectively. According to the BSE analytics, the shares have returns of 19.26 per cent in the last two weeks, 43.75 per cent returns in the last 6 months and massive returns of 155.47 per cent in the last 2 years.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TT Research DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
