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:
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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.
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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%.
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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.
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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.
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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