News: The Life Insurance Corporation of India (LIC), a prominent player in the insurance sector, has recently announced its dividend for the year 2024. In this article, we’ll delve into the details of LIC’s dividend history, the upcoming record date, and the current share price.
LIC has a track record of consistently rewarding its shareholders through dividends. Let’s take a look at the recent dividend declarations:
1. February 21, 2024: LIC declared an interim dividend of ₹4.00 per share. This dividend is distributed to shareholders who hold LIC’s equity shares on or before this record date.
2. July 21, 2023: LIC announced a final dividend of ₹3.00 per share. Shareholders who were eligible on this date received this dividend.
3. August 25, 2022: LIC declared a final dividend of ₹1.50 per share. This dividend was distributed to qualifying shareholders.
In the past 12 months, LIC has consistently rewarded its investors, with a cumulative dividend amount of ₹3.00 per share.
As of now, the current share price of LIC stands at ₹1080.85. Considering this share price, the dividend yield (which indicates the return on investment through dividends) is approximately 0.28%.
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Life Insurance Corporation of India (LIC), popularly known as LIC, is an Indian state-owned insurance group and investment company. Headquartered in Mumbai, LIC holds a significant position in the insurance sector. Let’s explore more about LIC:
LIC remains a market leader in the insurance industry, and its commitment to rewarding shareholders through dividends underscores its financial stability and investor-friendly approach. As investors, it’s essential to keep an eye on LIC’s announcements and record dates to make informed decisions.
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