LIC Sets Record Date for Generous ₹6 Final Dividend, Annual Total Hits ₹10

LIC declared a final dividend of ₹6 per share for FY24, totaling ₹10 per share with an earlier interim of ₹4. The record date for this payout is July 19.
LIC Sets Record Date for Generous ₹6 Final Dividend, Annual Total Hits ₹10

LIC announced a robust final dividend of ₹6 per share for FY24, bringing the year’s total to ₹10 per share with an earlier interim dividend set at ₹4. The record date for this final dividend is set for July 19.

Invest in Direct Mutual Funds IPOs Bonds and Equity at ZERO COST

Since its public debut in May 2022, LIC has increased its dividends annually, starting with ₹1.5 per share in FY22, doubling in FY23, and tripling the amount in FY24. Despite these increases, the government retains the lion’s share due to its 96.5% ownership.

The government’s dividend share from LIC in FY24 reached ₹6,104 crore, with prior years seeing ₹1,831 crore in FY23 and ₹916 crore in FY22. This trend underscores the substantial financial returns to the exchequer from its stake in LIC.

LIC’s profitability surged in FY24, with net profits rising to ₹40,676 crore from ₹36,397 crore in FY23, establishing a dividend payout ratio of 15.5%. The company dominates the Indian insurance market with a 58.9% overall market share.

LIC’s market value soared by 71.5% in FY24, increasing its market cap by ₹2.4 lakh crore, marking it as the second largest PSU in valuation after the State Bank of India. The stock closed at ₹1,036.05 on NSE, up 1% before the Q4 results.

Loading
Read More News
Stock to watch today आज सबका ध्यान Zomato, Paytm, HAL, TCS जैसे Stocks पर!

Stock to watch today: आज सबका ध्यान Zomato, Paytm, HAL, TCS जैसे Stocks पर!

आज जिन शेयरों पर नज़र रखनी है उनमें Ixigo की लिस्टिंग और Zomato द्वारा Paytm के टिकटिंग व्यवसाय का संभावित अधिग्रहण शामिल है। प्रमुख घटनाक्रमों के कारण HAL, Paytm, Wipro और TCS भी प्रमुखता से शामिल हैं।

STOP PAYING

₹ 20 BROKERAGE

ON TRADES !

Trade Intraday and Futures & Options