Rs 11 Dividend By ICICI Bank: Record Date Coming In August; What Traders Should Know About The Target Price?

One of India's top private sector banks, ICICI Bank, has announced the record date for its upcoming dividend payment of Rs 11 per share. Furthermore, the Board has announced its acquisition of a further stake in ICICI Prudential Asset Management Company Limited. Following the release, ICICI Bank's shares closed at Rs 1445.80 per share on the BSE today, down 1.09%, with a market value of Rs 10,31,656.30 Cr.

ICICI Bank Dividend

Subject to the required authorizations, the Board has proposed paying a dividend of Rs 11/-per equity share with a face value of Rs 2/-each. Following member approval at the bank's subsequent Annual General Meeting (AGM), the dividend on equity shares will be paid.

ICICI Bank Dividend Record Date

"The Thirty-first Annual General Meeting (AGM) of the Members of the Bank will be held on Saturday, August 30, 2025, at 11:00 a.m. IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM) facility. The Notice of the AGM and Annual Report 2024-25 will be sent only through electronic mode to those Members whose email addresses are registered with the Bank/Registrar & Share Transfer Agents of the Bank for equity shares/Depository Participant(s) in due course. The Notice of the AGM and Annual Report 2024-25 will also be made available on the website of the Bank and submitted to the stock exchange(s) in due course. Further, a letter containing the web-link for accessing the Notice of the AGM and Annual Report 2024-25, will be sent to those Members whose email addresses are not registered. August 12, 2025, has been fixed as the Record Date for determining the names of Members eligible for dividend on equity shares, if declared at the AGM," said ICICI Bank in a stock exchange filing.

ICICI Bank Q1 Results Date

"Pursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the meeting of the Board of Directors of the Bank is scheduled to be held on Saturday, July 19, 2025, to, inter alia, consider and approve the unaudited financial results (standalone and consolidated) for the quarter ending June 30, 2025. In view of the above and pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 read with ICICI Bank Code on Prohibition of Insider Trading, the Trading Window for dealing in the securities of the Bank will remain closed for all Designated Persons of the Bank (including Directors) and their immediate relatives from July 1, 2025 to July 28, 2025 (both days inclusive) to fulfil certain filing requirements with the U.S. Securities Exchange Commission," ICICI Bank said in a regulatory filing.

ICICI Bank Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said, "ICICI Bank is currently trading around ₹1,445.80 and continues to maintain its long-term uptrend, steadily moving within a well-defined rising parallel channel over the past few months. The stock has recently rebounded from the lower band of this channel and is now consolidating near its record-high levels-indicating strength and healthy digestion of prior gains. A decisive breakout above the ₹1,475 mark would confirm a continuation of the bullish trend and could trigger the next leg of the rally."

"The Relative Strength Index (RSI) is currently placed at 55.22, suggesting a neutral to sideways phase in the short term, hinting at a potential time-wise or price-wise consolidation before the next move. ICICI Bank is hovering close to its short- and medium-term EMAs while still comfortably holding above all key moving averages-underscoring inherent strength," the analyst commented.

"Short-term traders are advised to wait for a clear breakout above ₹1,475 or look for entry opportunities near support zones on signs of a reversal. Long-term investors can continue to hold and may consider adding on dips. As long as the stock sustains above ₹1,350, the broader trend remains firmly positive; a breach below this level may invite short-term weakness," Hardik Matalia further added.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.