2nd Largest Pvt Bank Declares Dividend Of Rs 8/- Per Share, Scrip Soars 16% In 1 Year

Board of large cap banking stock, ICICI Bank Ltd recommended a dividend of Rs 8 /- (Rupees Eight only) per equity share of face value of Rs. 2/- each, subject to requisite approvals. The stock's last trading price on BSE is Rs 884.20 per share with intraday fall of 1.13%. The shares of ICICI Bank gave return of 16% in last 1-year. The board of directors yet to announce the record date for the dividend. Check details below:

ICICI Bank Recommends Dividend: According to the BSE filing of the company, "In terms of Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board at the above Meeting recommended a dividend of Rs. 8 /- (Rupees Eight only) per equity share of face value of Rs. 2/- each, subject to requisite approvals. The dividend on equity shares, will be paid/despatched on or after the same is approved by the shareholders at the ensuing Annual General Meeting (AGM) of the Bank."

ICICI Bank Stock Performance & Return: The last trading price of ICICI Bank is Rs 884.20 per share. The stock's 52-week high price is Rs 958.00 per share and 52-week low price is Rs 670.35 per share, respectively.

The company has a market capitalisation of Rs 6,17,477.46 crore. The scrip declined 2% YTD, gave return of 16% in last 1-year, 58% return in last 2-years, and 166% return in last 3-years.

The second largest private bank in India on April 22 declared approximately 30% YoY jump in net profit to Rs 9121.9 crore for the quarter ended March 2023.

About ICICI Bank: ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank.

Disclaimer: The large cap bank declared dividend on April 22. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.