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Fortis Healthcare Limited, an integrated healthcare delivery service provider, offers secondary, tertiary, and quaternary care in India, the United Arab Emirates, Sri Lanka, and internationally. Its healthcare verticals comprise hospitals, diagnostics, and day care specialty facilities. The company offers services in the areas of cardiac science, cosmetology, dental science, dermatology, diabetes/endocrinology, emergency medicine, ENT, foetal medicine, gastroenterology and hepatology science, general surgery, haematology, infertility medicine, internal medicine, mental health and behavioral science, nephrology, neuro surgery, neurointerventional radiology, neurology, obstetrics and gynaecology, oncology, ophthalmology, orthopedics, pediatrics, physiotherapy and rehabilitation, plastic and reconstructive surgery, pulmonology, radiology, rheumatology, thoracic surgery, transplantation medicine, urology, and other support specialties. As of March 31, 2022, it operated a network of 26 hospitals with approximately 4,300 operational beds. The company also operates approximately 426 diagnostics centers and laboratories; and 2,550 collection centers. The company was incorporated in 1996 and is based in Gurugram, India.

Fortis Healthcare Dividend Announcement

• Fortis Healthcare announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-08-31. Ex dividend date: 2024-07-24
• Fortis Healthcare annual dividend for 2024 was ₹1.00
• Fortis Healthcare annual dividend for 2023 was ₹1.00
• Fortis Healthcare's trailing twelve-month (TTM) dividend yield is 0.14%

Fortis Healthcare Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-24₹1.00annually2024-08-31
2023-07-20₹1.00annually2023-08-31

Fortis Healthcare Dividend per year

Fortis Healthcare Dividend Yield

Fortis Healthcare current trailing twelve-month (TTM) dividend yield is 0.14%. Interested in purchasing Fortis Healthcare stock? Use our calculator to estimate your expected dividend yield:

Fortis Healthcare Financial Ratios

P/E ratio80.24
PEG ratio-0.62
P/B ratio6.71
ROE8.06%
Payout ratio0.00%
Current ratio0.47
Quick ratio0.44
Cash Ratio0.08

Fortis Healthcare Dividend FAQ

Does Fortis Healthcare stock pay dividends?
Fortis Healthcare does not currently pay dividends to its shareholders.
Has Fortis Healthcare ever paid a dividend?
No, Fortis Healthcare has no a history of paying dividends to its shareholders. Fortis Healthcare is not known for its dividend payments.
Why doesn't Fortis Healthcare pay dividends?
There are several potential reasons why Fortis Healthcare would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Fortis Healthcare ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Fortis Healthcare has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Fortis Healthcare a dividend aristocrat?
Fortis Healthcare is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Fortis Healthcare a dividend king?
Fortis Healthcare is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Fortis Healthcare a dividend stock?
No, Fortis Healthcare is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Fortis Healthcare stocks?
To buy Fortis Healthcare you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Fortis Healthcare stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.