LIC HFL to pay 425% dividend quickly: See report date


with a market valuation of 22,057.53 crore, LIC Housing Finance Restricted is a large-cap company that gives monetary providers. One of many main housing finance corporations in India is LIC Housing Finance Restricted (LICHFL), which additionally has subsidiaries, LICHFL Asset Administration Firm, LICHFL Monetary Providers, LICHFL Trustee Firm Non-public Restricted and LICHFL Care Houses Restricted. The Board of Administrators of the corporate has permitted a dividend of 425% on the face worth of the Firm for the monetary 12 months 2021-2022 2 (or 8.50 for every fairness share of Rs. 2)).

So as to decide the eligibility of shareholders for dividend objective, the corporate in a regulatory submitting acknowledged that “The Board has permitted that the Register of Members and the Share Switch E-book of the Firm shall stay closed with impact from Wednesday, the twenty first September, 2022. for the aim of fee and thirty third Annual Normal Assembly by Thursday, the twenty ninth September, 2022 (each days inclusive). Accordingly, dividend shall be paid to the members holding shares in bodily type, whose names seem within the Register of Members of the Firm on Thursday, twenty ninth September , will seem on the finish of enterprise in any case legitimate transfers have been bodily effected by 2022. Based mostly on the main points furnished by Nationwide Securities Depository Restricted (NSDL) and Central Depository Providers (India) Restricted on Tuesday, the twentieth September, 2022 or Kind filed with the corporate earlier than that and in respect of shares held in digital type. (CDSL) on the shut of working hours on Saturday, Tuesday, the twentieth September, 2022.”

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LIC Housing Finance Dividend Particulars (bseindia.com)

on the present share value of LIC HFL’s dividend of 401.90, 8.50 yields a yield of two.11% per share. Knowledge on BSE signifies that the report date has been set as September 29, 2022, whereas the prior date for dividend objective is September 19, 2022.

LIC HFL shares closed on Friday 401.90 every, up 0.012% from earlier shut 401.85 per share. Within the final 1 12 months, the inventory has gained 1.13% and based mostly on YTD, the inventory has gained 5.93% thus far in 2022. On NSE, LIC Housing Finance Ltd shares touched a 52-week excessive. 52-week low of 462.50 and at (19-Oct-2021) At 291.75 (20-Jun-2022) which signifies that the inventory is buying and selling 13.10% down from the excessive and 37.75% above the low on the present market value.

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