ICICI Lombard shareholders, get ready! The company will hold a crucial board meeting soon. This meeting is set for July 23, 2024. The board will discuss its financial results. They will also consider a dividend proposal for the 2024-25 financial year.
This is big news for investors. Many people are watching for updates. Remember, a dividend has not been declared yet. The board will just consider it on this date. So, details like the record date are still unknown. Eligibility will be clear after any declaration.
ICICI Lombard’s Upcoming Dividend Decision
ICICI Lombard General Insurance Company Limited announced its board meeting. It will happen on July 23, 2024. The main point is reviewing the first quarter results for FY25. Also, a key decision involves the FY2024-25 dividend. This means the board might approve a payout to shareholders.
You need to keep an eye on this date. The company will release more details then. This will include how much dividend per share. It will also cover the important record date. The record date decides who gets the dividend. Make sure your shares are bought before this date.
What to Expect: Past Dividends
ICICI Lombard has a history of paying dividends. This gives investors an idea of what might happen. The company paid ₹6 per share for the 2023-24 financial year. That dividend was paid on August 7, 2023. The record date was July 19, 2023.
Before that, shareholders received ₹5 per share for FY23. For FY22, the dividend was ₹5.5 per share. These figures show a consistent payout. Investors often look at this past performance. You can learn more about how company dividends work from Wikipedia.
Market Reaction and Investor Outlook
This upcoming board meeting creates a buzz. Investors are watching the stock closely. The company’s stock has shown mixed performance recently. It closed at ₹1700.55 per share on a recent trading day. This was a small gain.
Many analysts follow ICICI Lombard. They will watch the July 23 meeting results carefully. A strong dividend proposal could cheer investors. Keep yourself informed with financial news from sources like Reuters. This helps you make smart decisions. Stay tuned for the official announcement.
no comment