Home / Markets / Stock Markets /  LIC HFL to pay 425% dividend soon: Check record date

With a market valuation of 22,057.53 crore, LIC Housing Finance Ltd. is a large-cap corporation that provides financial services. One of the leading housing finance companies in India is LIC Housing Finance Ltd (LICHFL), which also has LICHFL Asset Management Company, LICHFL Financial Services, LICHFL Trustee Company Private Ltd, and LICHFL Care Homes Ltd as subsidiaries. The Company's Board of Directors approved a dividend of 425% for the fiscal year 2021–2022 at a face value of 2 (or 8.50 for each equity share of 2).

In order to determine the eligibility of the shareholders for the dividend purpose, the company has said in a regulatory filing that “The Board approved that the Register of Members and the Share Transfer Books of the Company shall remain closed from Wednesday, 21st September, 2022 to Thursday, 29th September, 2022 (both days inclusive) for the purpose of payment of dividend and 33rd Annual General Meeting. Accordingly, dividend will be paid to those members holding shares in physical form, whose names would appear on the Register of Members of the Company, at the close of business hours on Thursday, 29th September, 2022 after giving effect to all valid transfers in physical form lodged with the Company on or before Tuesday, 20th September, 2022 and in respect of the shares held in electronic form, on the basis of the details furnished by National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL) at the close of business hours on Saturday, Tuesday, 20th September, 2022."

LIC Housing Finance Dividend Details
View Full Image
LIC Housing Finance Dividend Details (bseindia.com)

At the current share price of 401.90 of LIC HFL, the dividend of 8.50 per share generates a yield of 2.11%. Data on BSE indicates that the record date has been set as September 29, 2022, while the ex-date for the dividend purpose is September 19, 2022.

On Friday the shares of LIC HFL closed at 401.90 apiece, up by 0.012% from the previous close of 401.85 per share. In the last 1 year, the stock has gained 1.13% and on a YTD basis, the stock has gained 5.93% so far in 2022. On the NSE, the shares of LIC Housing Finance Limited touched a 52-week-high of 462.50 on (19-October-2021) and a 52-week-low of 291.75 on (20-June-2022) which indicates that at the current market price the stock is trading 13.10% below the high and 37.75% above the low.

ABOUT THE AUTHOR

Vipul Das

Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout