A Leading Stockbroker Firm Approves Fourth Interim Dividend

Angel One Limited has announced that the board has approved fourth interim dividend. The company announced the outcome through the exchange filing. The details are given below.

As per the filing, Angel One Limited had intimated on March 17, 2023 that the Board of Directors would consider declaration of the 4th interim dividend, for the financial year 2022-23. The board of directors would meet on March 22, 2023 to discuss about it.

Today on March 22, 2023 the board declared its outcome. "This is to inform you that the Board of Directors of the Company by way of circular resolution dated March 22, 2023 approved declaration of 4th interim dividend for the financial year 2022-23 at the rate of Rs 9.60 per equity share of face value of Rs. 10 per share of the Company, as on the record date."

Further the board even fixed the record date. "The record date for determining the eligibility of shareholders for payment of the said interim dividend, as declared by the board shall be Friday, March 31, 2023. The dividend shall be paid on or before April 20, 2023 to those members, whose names appear on the Register of members or in records of depositories as beneficial owners of the shares as on Friday, March 31, 2023, which is the record date fixed for the purpose."

Angel One Limited was formerly known as Angel Broking Limited, is a leading stockbroking firm. It is a small cap company established in 1996 based in Mumbai. The company is a member of the Bombay Stock Exchange,[4 National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited.It is a depository participant with Central Depository Services Limited. It has a market capitalisation of Rs 9,484.48 crore.

The latest market price of stock of Angel One Limited is Rs1,137per share, which is up by 4.25% over previous day's closing. Its 52-week high is at Rs 2,022 per share and 52-week low is at Rs 1,000 per share. In last one year the stock price has fallen by 29.66%, but since October 2020, it has risen by 327.2%.

Disclaimer:
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. This article is for information purposes only and not in any way a stock recommendation.