Bonus Shares Alert: Nearly 1.1 lakh retail shareholders of this diagnostic chain to be rewarded today

Shares of Dr. Lal Pathlabs Ltd. are currently trading little changed amidst volatile moves on Friday, October 31, ahead of its results announcement for the September quarter.

Along with the results, the board will also be considering the issue of bonus shares for its shareholders.

In addition to the bonus, the board will also consider the proposal of paying an interim dividend to its shareholders.

This will be the first instance that Dr. Lal Pathlabs will be issuing bonus shares to its shareholders.

While Dr. Lal has never considered a bonus or a stock split before, it has regularly paid dividends to its shareholders. Since July 2016, Dr. Lal has paid dividends worth nearly ₹126 per share to its shareholders, including ₹24 per share since November last year.

Record date for the bonus issue and the interim dividend will also been informed soon.

As of the September quarter shareholding pattern uploaded on the BSE, Dr. Lal Pathlabs had over 1.05 lakh retail shareholders, or those with an authorised share capital of up to ₹2 lakh, who owned a stake in the company. Promoter shareholding stands at 53.21%.

Shares of Dr. Lal Pathlabs Ltd. are currently trading flat at ₹3,090.6. The stock has remained flat over the course of the year, as well as the last one month.