Dividend Payout: Last date for investors to buy this stock which is trading at its all-time high

Vishwesh Sanas
/ Categories: Trending, Mindshare
Dividend Payout: Last date for investors to buy this stock which is trading at its all-time high

The company has announced a dividend payout of Rs 3 per share with an ex-dividend date of September 6.

On September 6, the shares of Dr Agarwal's Eye Hospital Ltd are trading at its both 52-week high and all-time high price. As of 11:04 am, the Dr Agarwal's Eye Hospital share price has soared by 14.59 per cent on the day and is currently trading at Rs 1167.95. The stock opened at Rs 1145 and has since reached intraday highs and lows of Rs 1195 and Rs 1067.3, respectively. 

 

Shares of Dr Agarwal's Eye Hospital Ltd are soaring today as investors rush to buy the stock as it is the last day to be eligible for a dividend payout from the company. The company earlier declared a Rs 3 per share dividend, with an ex-dividend date of September 6 and a record date of September 14. 

 

Dr Agarwal's Eye Hospital Ltd is a well-known eye hospital chain in Tamil Nadu. The company's ROE and ROCE as of the end of FY22 are 20 per cent and 36 per cent, respectively. 

 

In FY22, the company reported a net sale of Rs 201.21 crore, while generating a net profit of Rs 24.1 crore. In the last 10 years, the company has increased its net profit 12 times, from Rs 2 crore in FY12 to Rs 24 crore in FY22. 

 

On September 6, the stock is trading higher for the third session in a row. The stock price has risen from Rs 800 to Rs 1167.95 in these three sessions, delivering a 46 per cent return to its shareholders. 

 

The company's market capitalisation is Rs 547 crore, with a PE multiple of 14.12x. 

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