Dividend Sharing of Aster DM Hospitals:-
Did you all know that Aster DM Hospitals India was sharing a whooping Rs. 118 dividend per share ?
If yes , then you must know why they were sharing. Just to re-affirm that they have sold their offshore business in UAE to another giant of UAE and the money was being divided with the share holders as dividends. Of course the Owners or promoters will get a hefty amount but what about the share holders - it's a close to 22 percentage dividend on a market price of share of 525 rupees per share .
With this money , they will upgrade the hospital business in India to another 1000+ beds and they are aiming the 3rd spot right after Apollo Hospitals and Max Healthcare. Ofcourse it's an ambitious target but they have command a growth of 20 percentage last year and the stock itself has doubled in last 2 years .
The hospital chain has a strong base in Kerala and they are opening up another 2 properties in south and north Kerala .
If you ask me , who has spent 4+ years in the industry; we know the importance of additional beds and the health care workers in the country as it is far behind of WHO target of 1 doctor per 1000 person and Aster DM Hospitals under the leadership of Mr. Azad Moopen has been doing good works in the southern territory and will now move the base to Lucknow and North India soon.
Suddenly I feel Lucknow is becoming another medical hub in the North India after NCR as recently Max Healthcare started its operations there and Apollo has it presence for sometime now.
We earned a massive dividend from owning the stock of Aster DM Hospitals and on paper, their performance is really good.
Only concern is the pledge percentage of Promoter stock which is more than 50 percentage and we believe it would be covered in the future possibilities.
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