Aster DM Healthcare shares surge 6% on special dividend of Rs 118

Following the disclosure of a particular dividend of Rs 118 per share by the company, Aster DM Healthcare saw a significant rise in the stock.

During early trading on the National Stock Exchange, the stock increased 14 percent to a high of Rs 558, reflecting the 52-week high.

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The Aster DM Healthcare Board of Directors was able to establish a particular dividend of Rs 118 per share and gave effect to the decision on April 12.

Shareholders of the Company who are registered on the Firm’s Register of Members on April 23, 2023, are attributed to receive special dividends.

The company intends to pay the said particular dividend within 30 days of the public announcement date. The Board of Directors has decided not to distribute an interim annual dividend for 2024.

As of 11:05 am the shares were trading 6.64% higher at ₹520.60 on NSE.