LIC Shares Trade Ex-Dividend Today, Stock Rises: Key Takeaways For Investors

The stock of Life Insurance Corporation of India Ltd. or LIC is trading ex-dividend today. The share of the Life & Health Insurance sector has witnessed a rise of 0.70% on NSE till afternoon trading. Earlier, the board of directors of the company have declared a final dividend of RS 1.5 per equity share. Check key takeaways below:

LIC Share Turns Ex-Dividend Today

The board of directors of LIC has declared in their BSE filing dated July 15, 2022, "We are pleased to inform you that the Board of Directors of Life Insurance Corporation of India at their meeting held on May 30, 2022, has recommended a final dividend of Rs. 1.50 (One Rupee Fifty Paise Only) per equity share of the face value of Rs.10/- each, for the Financial Year 2021-22, subject to the approval of members of the Corporation in 1st Annual General Meeting ("AGM") scheduled to be held on Tuesday, September 27, 2022."

LIC Stock Outlook

The current market price of the stock is Rs 680.95 apiece. The stock gained 0.70% till afternoon trading. The stock opened Rs 677 apiece and touched the day's high till noon trading at Rs 682 apiece.

LIC Market Capitalization

The stock has a market capitalization of Rs 4,30,858.84 crore at the time of writing the story.

LIC Return In Last 3 Months

The stock has fallen 17% in the last 3 months, 0.48% in the last 1 month, and in the last 1 week it has declined 2%.

LIC 52-Week High/Low

The stock has touched its 52-week high at Rs 920 apiece and 52-week low at Rs 650 apiece, respectively.

LIC Dividend History

The stock has been maintaining a good dividend history and regularly declared dividend in the last 5 years. The company has declared an equity dividend of 425% or Rs 8.5 per share for the year ending March 2022.

LIC IPO

Earlier, on May 17, 2022 LIC did not make an expected debut on the stock exchange with a little over 8% from the issue price. The IPO was subscribed 2.59 times. The stock witnessed sharp downfall after some time and several factors were attributed to the fall that may include volatile markets, weak global cues, soaring oil prices, and surging interest rates.

LIC About

LIC came into existence in 1956. It operates in the financial sector. Life Insurance Corporation of India (LIC) is owned by the Government of India. It is a leading provider of life insurance plans. It provides endowment plans, money back plans, term assurance plans, pension plans, special plans, unit plans, group schemes, child plans, and health insurance plans.