As the market trades ex-dividend today, attention is on LIC shares.

The LIC Board of Directors declared a dividend payment of 1.50 per equity share following its meeting on May 30, 2022.

Today’s attention will be on the Life Insurance Corporation (LIC) of India, also known as LIC stock, whose shares will trade ex-dividend on Thursday. The insurance company’s board of directors recommended a dividend payment to shareholders for the fiscal year 2021–2022 of $1.50 per equity share, according to LIC of India’s most recent exchange report. The record date for the purpose of determining the investors who will be paid dividends is August 26, 2022, as determined by the business board.

Dividends of $1.50 per equity share with a face value of Rs. have been recommended by the Board of Directors of the Corporation. According to a filing made by LIC on May 30, 2022, following the board meeting, LIC will propose IO for the year ended March 31, 2022, subject to approval by shareholders at the Annual General Meeting.

As a result, LIC of India later disclosed the record date, stating, “With regard to the foregoing, we inform you that, among other things, the Board of Directors of the Corporation has discussed and approved the 26th August 2022 record date for dividend payments.”

FAQ:-

When will the LIC board decide whether stockholders are eligible for dividend payments?

Ans- 26 aug 2022

What is the current dividend yield of LIC?

Ans – 0.22 percent

When was the LIC IPO launched?

Ans – The LIC IPO went public in May 2022 with an equity share price range of 902 to 949.

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