60% Interim Dividend: Midcap Stock Declares Rs 6/Share Dividend, To Go-Ex-Dividend On August 11

The diagnostic and healthcare services provider, Dr Lal Pathlabs Ltd. on Thursday announced an interim dividend for FY24 of Rs 6 per equity share i.e. 60% of the face value of Rs 10 per share. The company also fixed the Record date for the said dividend as Friday, Aug 11, 2023, for the purpose of paying the interim dividend.

Dr Lal Pathlabs is a midcap company. The market cap of the company is Rs 20,701.49 Crore.

"Declaration of interim dividend of INR 6/- per equity share (@ 60% on a face value of INR 10/- per share) for FY 2023-24. The record date for the purpose of payment of interim dividend shall be August 11, 2023," the Board said in an exchange filing.

The shares of Dr Lal Pathlabs closed 2.75% higher at Rs 2481.75 apiece on BSE with intraday high and low of Rs 2498 and 2415.30, respectively.

The stock gained 5.60% return in the last 1 week, while jumped 11.79% in the last 1 month. It jumped 28.40% in 3 months. In 1 year, it gave 14.35% positive return, however, declined 31.33% in 2 years. In 3 years, it gave 27.28% return and in 5 years, it gave 169.87%.

The stock traded its 52-week-high on Sept 28, 2022, at Rs 2752.15 apiece and 52-week-low on Mar 20, 2023, at Rs 1762.70 apiece, respectively.

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