Amrutanjan Health Care Sweetens the Deal: ₹2.60 Dividend Delights Investors!

Image Source: IPO Central

Amrutanjan Health Care Ltd has once again demonstrated its commitment to shareholder value by declaring a final dividend of ₹2.60 per share for the financial year 2023-24. This payout continues the company’s tradition of regular and rewarding dividends, reflecting its robust financial health and sustained earnings performance.

Key Highlights:

Final Dividend Announced: The Board of Directors has recommended a final dividend of ₹2.60 per equity share, rewarding investors for their continued trust and participation in the company’s growth story. This dividend is in line with previous years and underscores Amrutanjan’s stable payout policy.
Strong Dividend Track Record: With a total dividend of ₹4.60 per share declared in FY24-including interim dividends-Amrutanjan Health Care maintains a healthy dividend yield of approximately 0.7%, well-covered by a prudent payout ratio of 27%.
Financial Stability: The company’s balance sheet remains strong, with profitability on an upward trend and a decreasing debt profile, reinforcing its ability to consistently return value to shareholders.
Operational Highlights: Amrutanjan continues to expand its product portfolio and manufacturing capabilities, with recent investments in new facilities and a focus on both domestic and international markets.
Market Performance: Shares of Amrutanjan Health Care are trading near ₹690, reflecting investor confidence and the company’s resilience in a competitive sector.

This latest dividend announcement not only rewards shareholders but also signals Amrutanjan Health Care’s confidence in its long-term growth prospects and financial discipline.

Source: Capital Market, INDmoney, Moneycontrol