398.50% Dividend In FY23: Angel One Sets Record Date For 3rd Interim Dividend For FY24

Angel One is a large-cap stock broking company with a market cap of Rs 27,612.47 Cr as of Friday's closing session. The company's announcement that the Board of Directors will meet on Monday, January 15, 2024, to discuss and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2023, as well as to consider, approve, and declare the third interim dividend, if any, for the financial year 2023-24, triggered the shares to close 1.27% higher at Rs 3289.40.

"Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") we hereby inform that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, January 15, 2024 to consider and approve the unaudited standalone and consolidated financial results (with Limited Review) for the quarter and nine months ended December 31, 2023 and to consider, approve and declare 3rd interim dividend, if any, for the financial year 2023-24," said Angel One in a stock exchange filing.

"It is further informed that in terms of Regulation 42 of the Listing Regulations, the Record Date for reckoning the shareholders who shall be entitled to receive the interim dividend, if any, so declared, will be Tuesday, January 23, 2024. Further, pursuant to the Listing Regulations and the amendments made thereto, the Trading Window in respect of equity shares of the Company should remain closed from January 01, 2024 till 48 hours from the date of declaration of unaudited standalone and consolidated financial results (with Limited Review) for the quarter and nine months ended December 31, 2023.

Further, pursuant to Regulation 30 of the Listing Regulations, we hereby intimate that the Company will be hosting an earnings call with analysts and investors on Tuesday, January 16, 2024 at 1100 hrs (IST), to discuss the financial results for the quarter and nine months ended December 31, 2023," said the company in a regulatory filing.

An equity dividend of 398.50% at a face value of Rs 10 (or Rs 39.85 per share) has been declared by Angel One for the financial year ended in March 2023. A dividend yield of 1.21% is reached at the current share price of Rs 3289.40. The company has a strong dividend history and has paid out dividends on a regular basis over the previous five years. Trendlyne data indicates that since November 2, 2020, Angel One Ltd. has issued 14 dividends.

The firm announced interim dividends twice in FY24: once for Rs 12.70 per share with a record date of October 20, 2023, as well as for Rs 9.25 per share with a record date of July 21, 2023.