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This company announced a record dividend

This company announced a record dividend
Written by Zimmy

This company announced a record dividend: Dividends are awaited by investors who are in a position for a long period of time. The Record Date for Dividends was declared through Indraprastha Medical Corporation Limited. It has been decided by the company to offer 25% dividends to its shareholders. As per Value Research, the company offering diagnostic and medical care is debt-free.

What is the date of the record?

In the report by the regulatory body, the firm disclosed”For the fiscal period 2021-22, the company advised a dividend of 2.50 in the amount of 10 rupees. The company has set the date of this dividend to be on 16 September. After this date, the shareholders who have purchased the shares of the company are not eligible to receive the benefit of dividends. Let us inform you that the company is managed through Indraprastha Apollo Hospital. The market capitalization of the company is 623.83 crore.

A dramatic increase in share prices during the past month

The shares of the company on the NSE have risen 19.65 percent in the past month. At this time, the cost of a single share has increased from 56.75 to 67.90. The past 6 months have not been very good for investors. At this time, the price of shares fell by 1.02 percent.

However looking at the results so far this year, share prices from Indraprastha Medical Corporation Limited have decreased in value by 13.67 percent. It has a 52-week maximum of 87.50 and an average of 52.05. The company’s profits during its first quarter of the financial year were 20.28 crore. It is up 31.35 percent over earlier in the fiscal year.

(Disclaimer: The performance information provided here is not investment advice only. Investing in the stock market is subject to risks and please consult your advisor before investing.)

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