Amrutanjan Health Care Dividend 2024 Record Date, Share Price, History

News: Amrutanjan Health Care, a prominent player in the pharmaceutical industry, has recently declared its dividend for the year 2024. In this article, we’ll delve into the details of the dividend, the record date, and the company’s historical performance. Amrutanjan Health Care has set February 20, 2024, Tuesday, as the record date for their Second interim dividend declaration of ₹1 per share.

1. Dividend Announcement

For the fiscal year ending March 2023, Amrutanjan Health Care announced an equity dividend of 460.00%, amounting to ₹4.6 per share. This substantial dividend reflects the company’s commitment to rewarding its shareholders.

2. Record Date

The company has fixed November 23, 2023, as the record date for the payment of the first interim dividend for the financial year 2023-2024. On this date, the company will identify the eligible shareholders who will receive the dividend. If you own Amrutanjan Health Care shares on or before this record date, you’ll be entitled to the dividend.

3. Share Price Trends

As of February 5, 2024, the current share price of Amrutanjan Health Care stands at ₹599.95. Investors should keep an eye on the share price and consider its movement in relation to the dividend announcement.

4. Historical Context

Amrutanjan Health Care has a rich history in the pharmaceutical sector. Established in 1893, the company has consistently focused on providing quality healthcare products. Its flagship product, the iconic Amrutanjan Pain Balm, has been a household name for generations.

Over the years, the company has diversified its product portfolio, venturing into various therapeutic segments. From pain relief balms to ayurvedic formulations, Amrutanjan Health Care has catered to the evolving healthcare needs of consumers.

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About Amrutanjan Health Care :

Amrutanjan Health Care Limited is an Indian pharmaceutical company headquartered in Chennai, Tamil Nadu, India. It was founded by Kasinadhuni Nageswara Rao in Bombay (now Mumbai) in 1893. Let’s explore more about this company:

History and Legacy

• Founding: Amrutanjan was established as a patent medicine business in Bombay (now Mumbai) by K. Nageswara Rao Pantulu, who was not only a businessman but also a journalist, social reformer, and freedom fighter.
• Headquarters Shift: The company’s headquarters were later shifted to Madras (now Chennai) in 1914.
• Iconic Product: Amrutanjan Healthcare’s main product is its pain balm, which gained popularity over the years. The balm was even distributed free-of-cost at music concerts by Kasinathuni Nageswara Rao, further popularizing it.
• Diversification: Over time, Amrutanjan diversified its product portfolio. In 2002, it launched a series of anti-diabetic medicines called Diakyur. In 2004, the company introduced herbal mouth-fresheners under the brand name “Affair”.
• Software Venture: The Amrutanjan group also includes a software company called Amrutanjan Infotech, which started its call-center operations in July 2001.
• Food Diversification: In May 2011, Amrutanjan expanded into the food sector by acquiring Siva’s Soft Drink Pvt Ltd, a Chennai-based company selling fruit juices under the Fruitnik brand.
• Public Limited Company: In 1936, Amrutanjan became a public limited company with the name Amrutanjan Limited. Since then, it has continued to evolve and adapt to changing market dynamics.
• Recent Innovations: In 2022, the company launched a period pain roll-on under the Comfy brand.

Investors and shareholders should closely monitor Amrutanjan Health Care’s performance, especially during dividend payout periods. The company’s commitment to rewarding shareholders and its legacy of healthcare excellence make it an interesting stock to watch.

Frequently Asked Questions

When is the record date for the Second Interim Dividend?

The record date for the Second Interim Dividend is February 20, 2024.

How do they decide who can get the dividend?

To figure out who can get the dividend, they check the names on the register of Members and beneficial owners from NSDL and CDSL as of the specific date mentioned as the record date.

Can you buy shares of Amrutanjan Health Care?

Yes, you can buy shares of Amrutanjan Health Care because it’s listed on the NSE and BSE with the symbols AMRUTANJAN.