Philips Reports Progress in Expanding Access to Quality Healthcare
Koninklijke Philips NV, a health technology company focused on improving people’s health, has made several announcements. The company’s stock price has been relatively stable, hovering around its 52-week high.
Philips Foundation Achieves Significant Progress
The Philips Foundation, the company’s philanthropic arm, has reported significant progress in expanding access to quality healthcare for millions of people worldwide. Key highlights include:
- Initiation of new projects aimed at improving healthcare access
- Impact investments to support underserved communities
- Goal to improve healthcare access for 100 million people by 2030
2024 Dividend Exchange Ratio Announced
In a separate development, Philips announced the exchange ratio for its 2024 dividend. Shareholders can choose between receiving cash or shares. The company will issue new shares to maintain the dividend value, resulting in a slight dilution of existing shareholdings.
Key Details
- Shareholders can choose between receiving cash or shares as part of the 2024 dividend
- New shares will be issued to maintain dividend value
- Existing shareholdings will experience a slight dilution