This Healthcare Stock Jumped by 148.22% in 3 years, Declared 120% Dividend And Fixed Record Date

If you had invested in the stock of Apollo Hospitals Enterprise Ltd, three years ago, you would have earned a return of 148.22%, based on the current market price of Rs 4406.75 per share. On February 14, 2023, the board of directors held a meeting to discuss and approve Q3FY23 results and interim dividend. Check details below.

Dividend Details of Apollo Hospitals Enterprise Ltd

Through an exchange filing, Apollo Hospitals Enterprise Ltd, informed about the board's approval for declaring interim dividend. "The board of directors has declared aninterim dividend of Rs 6 per share (120% of the face value of Rs 5 per share) for the financial year ending 31st March 202, on the paid up of equity shares, out of the company."

Further in the filing the details of the record date mentioned. "The board has fixed the record date as 24 th February, 2023 for the purpose of payment of interim dividend and the said interim dividend will be paid to the equity shareholders, whose name appears in the Register of Members / Beneficial Owners of the Company as on the close of business hours of 23rd February 2023."

The company even stated dividend payment date in the press filing. "The said interim dividend would be paid to all the equity shareholders of the company on or before 10th March, 2023."

So the current dividend yield is 0.13 % per share at the current market price of Rs 4406.75 per share.

Stock Performance

In three years, the share price of Apollo Hospitals Enterprise Ltd has surged by 148.22% to Rs 4406.75 per share, which is also up by 3.31% on intra-day basis. However in one-year the stock price has fallen by 5.55% and by 4.45 in three months, but over six months it has grown by 1.29%. Its 52-week high and low is at Rs 5,015.45 per share and Rs 3,365.90 per share.

Brief about Apollo Hospitals Enterprise Ltd

Apollo Hospitals Enterprise Ltd is a multinational healthcare service provider, It owns and operates multispeciality hospitals. Along with the eponymous hospital chain, the company also operates pharmacies, primary care and diagnostic centers, telehealth clinics, and digital healthcare services. It was founded by Prathap C. Reddy in 1983 at Chennai. It has a network of 72 hospitals, over 12000 beds, 4500+ pharmacies, over 120 primary care clinics, 700+ diagnostic centers, 500+ tele medic centers and over 15 medical education centers and research foundation.

The free float market capitalisation of the company is Rs 44,174.96 crore. For Q3 FY23, the company has earned a revenue of Rs 42.6 billion and profit of Rs 1.6 billion.

Disclaimer

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