company-logo

Fortis Malar Hospitals Ltd. engages in the provision of healthcare services. It focuses on establishing hospitals and clinics and to conduct the same to provide healthcare for the society in the various branches of medicine such as General Surgery, General Medicine, Pediatrics, Neurology, Cardiology, ENT, Ophthalmology, Radiology, Pathology, Gastro entrology, Urology, Thoracic Surgery, Plastic surgery, Ortliapaedics, and other allied specialties and to provide facilities for post graduate medical education and medical research. The company was founded by S. Ramamurthy on April 13, 1989 and is headquartered in Mohali, India.

Fortis Malar Hospitals Dividend Announcement

Fortis Malar Hospitals announced a quarterly dividend of ₹2.50 per ordinary share which will be made payable on 2024-08-29. Ex dividend date: 2024-07-24
Fortis Malar Hospitals annual dividend for 2024 was ₹45.00
Fortis Malar Hospitals's trailing twelve-month (TTM) dividend yield is 83.83%

Fortis Malar Hospitals Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-24₹2.50quarterly2024-08-29
2024-07-19₹2.50quarterly2025-08-29
2024-04-23₹40.00quarterly2024-05-12
2016-09-16₹0.50quarterly
2015-09-14₹0.50quarterly
2013-09-19₹0.50quarterly

Fortis Malar Hospitals Dividend per year

Fortis Malar Hospitals Dividend Yield

Fortis Malar Hospitals current trailing twelve-month (TTM) dividend yield is 83.83%. Interested in purchasing Fortis Malar Hospitals stock? Use our calculator to estimate your expected dividend yield:

Fortis Malar Hospitals Financial Ratios

P/E ratio2.01
PEG ratio0.02
P/B ratio3.37
ROE65.00%
Payout ratio0.00%
Current ratio4.94
Quick ratio4.94
Cash Ratio4.93

Fortis Malar Hospitals Dividend FAQ

Does Fortis Malar Hospitals stock pay dividends?
Fortis Malar Hospitals does not currently pay dividends to its shareholders.
Has Fortis Malar Hospitals ever paid a dividend?
No, Fortis Malar Hospitals has no a history of paying dividends to its shareholders. Fortis Malar Hospitals is not known for its dividend payments.
Why doesn't Fortis Malar Hospitals pay dividends?
There are several potential reasons why Fortis Malar Hospitals 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 Malar Hospitals 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 Malar Hospitals 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 Malar Hospitals a dividend aristocrat?
Fortis Malar Hospitals 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 Malar Hospitals a dividend king?
Fortis Malar Hospitals 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 Malar Hospitals a dividend stock?
No, Fortis Malar Hospitals 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 Malar Hospitals stocks?
To buy Fortis Malar Hospitals 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 Malar Hospitals 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.