Rs 118 Special DIVIDEND, Share Price Rs 520: Smallcap stock fixes record date

Authored by : ET Now Digital Updated Apr 20, 2024 | 05:23 PM IST Rs 118 Special DIVIDEND, Share Price Rs 520: Smallcap stock fixes record date (Pic: Shutterstock/ET NOW)

Rs 118 Dividend Stock, Aster DM Healthcare Dividend News: Aster DM Healthcare, a smallcap stock, is all set to reward its investors by paying a special dividend. The company has declared a whopping 1180 per cent dividend payment on each stock. The company has also fixed ex-date, record date and dividend payment date.

Aster DM Healthcare is a healthcare service provider. The company's segments include hospitals, clinics, retail pharmacies and others.

A dividend is a cash reward that a company pays to its shareholders for their investment in the business. A dividend is always calculated and paid on the face value of each stock.

Aster DM Healthcare Dividend 2024 Announcement

The current face value of each stock of Aster DM Healthcare is Rs 10. Accordingly, the 1180 per cent dividend translates into Rs 118.

"The Board of Directors approved declaration of a Special Dividend of Rs 118 per share," according to a company statement on BSE.

Aster DM Healthcare Dividend Record Date

The company has fixed the record date for determining the eligibility of shareholders participation in the next dividend.

"Tuesday, April 23, 2024... Record Date for determining entitlement of the shareholders to special dividend," the company said further in the filing.

Aster DM Healthcare shares will turn ex-date for 1180 per cent dividend payout on April 23, according to BSE website.

Aster DM Healthcare Share Price History

Aster DM Healthcare is a constituent of S&P BSE 500. According to BSE analytics, the smallcap stock has delivered a positive return of 28 per cent on YTD basis and 56 per cent in last 6 months. The hospital stock has more than doubled investors money in one year, zooming a whopping 103 per cent.

The scrip has appreciated 184 per cent in 2 years and 252 per cent in 3 years, resulting in wealth gain for investors.

Aster DM Healthcare shares on Friday closed at Rs 520 apiece. Its shares have a 52-week range of Rs 558.30 - Rs 238.90. The company has a market cap of Rs 26,014.64 crore.

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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)