The Board of Directors of LIC of India Ltd (LICI) held its meeting on May 30, 2022. It has declared a dividend of Rs 1.5 per equity share for the financial year 2021-22. The Board meeting commenced at 1:20 p.m. and concluded at 4:30 p.m
LIC of India Ltd Q4FY22 Result
The company said that its consolidated net profits for the quarter ended March stood at Rs 2,409.39 crore, down 17.41 per cent compared to Rs 2,917.33 crore in the same quarter last year. Net premium income stood at Rs 1,44,158.84 crore, up 17.88 per cent from Rs 1,22,290.64 crore in the corresponding quarter year ago.
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LIC of India Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 26 August 2022 as the Record date. Further, payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on 26 August 2022.
The last traded price (LTP) of company was Rs 708.20 at the time of publishing this article. Its 52 weeks high was Rs 918.95 (on 17-MAY-22) & 52 weeks low was Rs 650 (on 20-JUN-22).
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2022.
Above all, here is the copy of statement, the company has sent to the exchanges:
The Board of Directors of the Corporation has recommended dividend of Rs 1.50 per equity share with face value of Rs. 10 each for the year ended March 31, 2022, which is subject to approval of Shareholders in AGM.
Important Dates
- Company – LIC of India Ltd
- Script Name – LICI (NSE) and 543526 (BSE)
- Dividend Amount – 1.5 Rs Per Share
- Dividend Type – Normal
- Ex-Dividend Date – 25 August 2022
- Record Date – 26 August 2022
- Payment Date – 27 October 2022
Also, you can find more information about LIC of India Ltd on National Stock Exchange and Moneycontrol – The Life insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. The company reported 290 million policy holders as of 2019, a total life fund of ₹28.3 trillion and a total value of sold policies in the year 2018–19 of ₹21.4 million.
