Rs 19/Share Dividend In FY23: BSE 500 Stock To Consider Interim Dividend Soon

A large-cap company operating in the financial services industry is ICICI Securities. On Wednesday, October 18, 2023, the company's board of directors will meet to discuss the interim dividend.

"Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform you that the Board of Directors of the Company will, inter alia, consider approval of the unaudited financial results of the Company for the quarter and half year ended September 30, 2023 and declaration of interim dividend, if any, at its Meeting to be held on Monday, October 16, 2023 in Mumbai," said ICICI Securities in a stock exchange filing.

The company has fixed Friday, October 27, 2023 as the record date for the purpose of the payment of interim dividend, if declared, at the Board Meeting scheduled to be held on Monday, October 16, 2023.

ICICI Securities Ltd. has announced an equity dividend of 380.00% at a face value of Rs 5 or Rs 19 per share for the financial year ended March 2023. The dividend yield at the current share price of Rs. 618.50 is 3.07%. The company has a solid track record of dividend declarations during the past five years. According to data from Trendlyne, ICICI Securities Ltd. has issued 11 dividends since August 21, 2018.

"During the year ended March 31, 2023, the Company has paid a final dividend for the year ended March 31, 2022 of Rs 12.75 per equity share as approved by its members at the Annual General Meeting held on August 26, 2022. The Board of Directors at its meeting held on October 20, 2022 had approved and paid an interim dividend of Rs 9.75 per equity share.The Board of Directors at its meeting held on April 19, 2023 has proposed a final dividend of Rs 9.25 per equity share," said ICICI Sec in a stock exchange filing.

Meanwhile, ICICI Lombard General Insurance Company said in a regulatory filing today that "Pursuant to Regulation 29, 50 and other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of Board of Directors of the Company is scheduled to be held on Wednesday, October 18, 2023, in Mumbai, inter alia to consider and approve Audited Financial Results & Audited Financial Statements of the Company for the quarter and half year ending on September 30, 2023 and declaration of interim dividend, if any.

The interim dividend, if declared, shall be paid to the equity shareholders whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners as on Friday, October 27, 2023, being record date for this purpose"

ICICI Lombard General Insurance Company has announced an equity dividend of 100.00% at a face value of Rs 10 or Rs 10 per share for the financial year ended March 2023. This produces a dividend yield at the current share price of Rs. 1271.85 of 0.78%. The company has a solid track record of dividend declarations during the past five years. According to statistics from Trendlyne, ICICI Lombard General Insurance Company Ltd. has issued 11 dividends since October 26, 2017.