1:1 Bonus Share Recommended, Rs 6 Dividend Next: Hotel Stock Hits 52-Week High, YTD Return 92%

EIH Associated Hotels Ltd shares today hit fresh 52-week high and gained more than 8.81% on BSE to Rs 919.15 per share. Board of Directors of EIH Associated Hotels today recommended bonus share in the proportion of 1:1 and fixed July 29, 2024 as record date for bonus issue. The company also recommended Rs 6/- per equity share final dividend on May 24, 2024 and fixed July 29, 2024 as the record date for the same. EIH Associated Hotels has a market capitalisation of Rs 2800.48 crore. EIH Associated Hotels shares gained 24.97% in just last 1-week tenure and offered attractive return of 94% in last 6-months. EIH Associated Hotels shares have been hitting consecutive 52-week high since June 10, 2024. Check key details below:

EIH Associated Hotels Recommends Bonus Share: As per the BSE filing of EIH Associated Hotels issued as on June 14, 2024, "The Board of Directors at their meeting held today, has inter alia recommended the capitalization of reserves by issuing Bonus Shares in the ratio of 1 (One) fully paid-up bonus equity share of Rs.10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up equity share of Rs.10/- (Rupees Ten only) each held by Shareholders of the Company as on the record date, subject to the approval of Shareholders at the forthcoming Annual General Meeting ("AGM") of the Company."

the Company has fixed Monday, 29th July 2024 as the record date for determining the list of eligible shareholders entitled for issuance of Bonus Shares in the ratio of 1 (One) fully paid-up bonus equity share of Rs.10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up equity share of Rs.10/- (Rupees Ten only) each, if approved by Shareholders, added the BSE filing.

EIH Associated Hotels Declared Dividend Too: The company recommended dividend on May 24 stating, "The Board of Directors at their meeting held today, recommended a final dividend @ 60%, i.e., Rs. 6/- per equity share of face value Rs.10/- each, fully paid up, to the Shareholders for the Financial Year 2023-24."

It set Monday, 29th July 2024 as the record date for determining the list of eligible shareholders to receive the Final Dividend for the Financial Year 2023-24, if approved at the Forty-First Annual General Meeting of the Company, scheduled to be held on Monday, 05th August, 2024, added the BSE filing.

How To Become Eligible For EIH Associated Bonus Share & Dividend? Record date plays key role in declaring eligibility of shareholders for receiving dividend and bonus share. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend or get bonus share announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution and bonus rewards. EIH Associated set July 29 as the record date for bonus share and July 29 also the record date for dividend.

EIH Associated Hotels Share Performance: The 52-week high price of EIH Associated Hotels share on BSE is Rs 925.50 per share (as on 14/06/2024) and 52-week low price is Rs 418.55 per share (as on 26/10/2023), respectively. EIH Associated Hotels shares offered attractive returns in last few months only. EIH Associated Hotels shares surged 73% in last 1-year, rose 145% in last 2-years, and jumped 154% in last 3-years.

EIH Associated Hotels Q4: The company reported its financial results last month. It declared a jump of 22.88% in its net sales to Rs 132.50 crore for the quarter ended March 31, 2024 as compared to Rs 107.83 crore declared in the corresponding quarter of last year. Its quarterly net profit surged 40.7% to Rs 36.81 crore for March 2024 quarter as against Rs 26.17 crore declared in the similar quarter of last year. The EBITDA of the company stood at Rs 53.84 crore for March 2024 quarter, up 54.67% from Rs 34.81 crore declared in March 2023. EPS of the company zoomed to Rs 12.08 in March 2024 from Rs 8.59 in March 2023.

Disclaimer:

The stock highlights the dividend, bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.