Kovai Medical Center and Hospital Limited provides hospital services in India. The company operates in two segments, Healthcare Services and Education Services. It operates various medical facilities, which provide services related to critical care medicine, dermatology, emergency, endocrinology and diabetology, fertility and reproductive medicine, gastroenterology and hepatology, hematology, internal medicine, heart institute, neonatology, nephrology, neurology, obstetrics and gynecology, pediatric surgery, pulmonology, psychological medicine, and rheumatology, as well as health check programs. The company also operates surgical facilities that offer general/gastrointestinal/bariatric and laparoscopic, cardio-thoracic, orthopedics and joint replacement, neuro, plastic and reconstructive, cosmetic, urology, spine, ENT/head and neck, dentistry/facio maxillary, and vascular surgeries. In addition, it operates interventional radiology and imaging sciences, nuclear medicine and PET CT, and laboratory medicine facilities; and physical medicine and rehabilitation facilities, as well as cancer and ayurvedic wellness centers. Further, the company offers emergency and trauma services; and organ transplant programs. Additionally, it operates a medical college in Coimbatore. Kovai Medical Center and Hospital Limited was incorporated in 1985 and is based in Coimbatore, India.
Kovai Medical Center and Hospital Dividend Announcement
• Kovai Medical Center and Hospital announced a annually dividend of ₹10.00 per ordinary share which will be made payable on 2024-09-13. Ex dividend date: 2024-08-01
• Kovai Medical Center and Hospital annual dividend for 2024 was ₹10.00
• Kovai Medical Center and Hospital annual dividend for 2023 was ₹10.00
• Kovai Medical Center and Hospital's trailing twelve-month (TTM) dividend yield is 0.18%
Kovai Medical Center and Hospital Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-01 | ₹10.00 | annually | 2024-09-13 |
2023-08-11 | ₹10.00 | annually | 2023-09-24 |
2022-08-25 | ₹6.00 | annually | 2022-10-07 |
2017-07-28 | ₹2.50 | annually | 2017-09-10 |
2016-08-18 | ₹1.50 | annually | |
2015-09-15 | ₹1.50 | annually | |
2015-06-12 | ₹1.00 | annually | |
2014-08-25 | ₹1.50 | annually | |
2013-07-11 | ₹1.50 | annually | |
2012-06-28 | ₹1.25 | annually | |
2011-08-11 | ₹1.25 | annually | |
2010-07-29 | ₹1.25 | annually | |
2009-07-16 | ₹1.25 | annually |
Kovai Medical Center and Hospital Dividend per year
Kovai Medical Center and Hospital Dividend growth
Kovai Medical Center and Hospital Dividend Yield
Kovai Medical Center and Hospital current trailing twelve-month (TTM) dividend yield is 0.18%. Interested in purchasing Kovai Medical Center and Hospital stock? Use our calculator to estimate your expected dividend yield:
Kovai Medical Center and Hospital Financial Ratios
Kovai Medical Center and Hospital Dividend FAQ
Other factors to consider when evaluating Kovai Medical Center and Hospital as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Kovai Medical Center and Hospital's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Kovai Medical Center and Hospital publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Kovai Medical Center and Hospital distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Kovai Medical Center and Hospital are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Kovai Medical Center and Hospital sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Kovai Medical Center and Hospital distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Kovai Medical Center and Hospital declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Kovai Medical Center and Hospital's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Kovai Medical Center and Hospital's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.