ICICI Securities Approved Rs 9.75 Interim Dividend For FY23, Details Inside

ICICI Securities Limited (I-Sec) is a leading brokerage firm and a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and expanded to different types of services. It operates www.icicidirect.com, a virtual financial supermarket, meeting the three needs sets of its clients - investments, protection, and borrowing.

At its meeting held on October 20, 2022, the board of directors of ICICI Securities Ltd. approved the payment of an interim dividend to the company's shareholders in the amount of Rs. 9.75 per equity share with a face value of Rs. 5. Along with the dividend declaration, the board also set the record date for the dividend as of November 1, 2022.

The Board of Directors of ICICI Securities in its regulatory filing has said, "Payment of interim dividend of ₹ 9.75 (Rupees Nine and Seventy Five Paise only) per equity share of face value of ₹ 5/- each to the shareholders of the Company whose names shall appear in the Company's Register of Members as at the close of business hours on the record date i.e. November 1, 2022 as well as to those beneficial holders as registered in the records of Depositories as at the close of business hours on the record date."

The stock last traded at Rs 502.10 per share, 0.91% down as compared to its previous close of Rs 506.70 per share on NSE. The stock made its debut on the stock exchange in April 2018, and since its listing, it has given 12.81% positive returns on investments. It has given 1.15% negative return in the past 5 days. However, the stock surged by 7.6% in the past 3 months. In 1 year, it has given 34.94% negative return. In the past 3 years, it has given 75.87% positive return.