Aster DM Healthcare, a prominent player in the healthcare sector, has announced a substantial special dividend of Rs 118 per equity share. This move comes following the approval by the company’s Board of Directors, signifying a generous return to its shareholders.
The special dividend decision stems from the company’s recent endeavors, including the sale of its GCC business and the redemption of Redeemable Preference shares issued by its subsidiary, Affinity Holdings Pvt Ltd. With this, Aster DM Healthcare showcases its commitment to rewarding its investors for their continued support.
The declared dividend of Rs 118 per share translates to an impressive 1180% dividend on the face value of Rs 10 per share. Shareholders on the Register of Members of the company as of the Record Date, set for Tuesday, April 23, 2024, will be eligible to receive this special dividend.
Aster DM Healthcare’s share price closed at Rs 488.20 on Friday, April 12, 2024, reflecting a 2.5% increase from the previous day’s close. This dividend announcement further enhances the attractiveness of Aster DM Healthcare as an investment opportunity, presenting itself as a potential passive income generator for investors.
The special dividend payout is scheduled to occur within 30 days from the date of declaration, offering shareholders a timely reward for their investment in Aster DM Healthcare.
Investors are encouraged to stay updated on further developments and announcements from Aster DM Healthcare as it continues to make strides in the healthcare industry, providing value not only in healthcare services but also in shareholder returns.
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