Rs 40/share dividend: This small-cap hospital stock to trade ex-date next week; shares have grown 100% in 1 month

Fortis Malar dividend ex date, Fortis Malar dividend 2024 record date: Shares of Fortis Malar Hospital are set to turn ex-date next week on April 23. The small-cap company operating in Hospitals & allied services announced a dividend of Rs 40 per equity share for its shareholders. 

The firm's regulatory filing dated April 12, said, "This is to inform you that the Board of Directors of Fortis Malar Hospitals Limited (“the Company”) at their adjourned meeting held today inter-alia considered and approved declaration of Interim Dividend of Rs. 40/- (Rupees Forty only) per equity share of Rs. 10/- each on the entire issued, subscribed and paid-up share capital of the Company of 1,87,41,759 equity shares of the nominal value of Rs. 10/- (Rupees ten only) each."

Fortis Malar dividend history

Such dividend by the firm is more than 50 per cent higher than the average dividend per equity share paid during the last 3 financial years preceding the date of the Malar Public announcement dated July 13, 2018. Fortis Malar has declared 3 dividends since September 19, 2013, as per data available on Trendlyne. 

Fortis Malar dividend 2024 record date

As intimated earlier in a filing dated April 8, the record date is fixed as April 23. 

Fortis Malar dividend payment date 

The dividend will be credited to the account of the shareholders, or the dividend warrant in respect thereof will be dispatched within 30 days from the date of its declaration, it said. 

Fortis Malar share price today

Shares of Fortis Malar are locked in an upper circuit at Rs 98.13 on BSE. 

Fortis Malar Hospital share price history 

The 52-week high and low of Fortis Malar Hospital stock on BSE ranges from Rs 98.13 per share (April 19, 2024) to  Rs 44.00 per share (March 28,2024), respectively. 

Fortis Malar Hospital shares jumped nearly 100 per cent in last 1-month. The hospital stock has surged nearly 100 per cent in last 1-year and has offered investors a return of over 70 per cent in the last 5-years.

What does Fortis Malar Hospital do?

Formly known as Malar Hospital, Fortis Malar Hospital was acquired by Fortis Healthcare in early 2008.

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