425% Dividend Payment: LIC Housing Declares Record Date, Dividend Yield Is 2.18%

Large cap company operating in NBFC sector, LIC Housing Finance Ltd on Monday fixed August 18, 2023 as the record date for 425% dividend i.e. Rs 8.50 per equity share of Rs 2/- each. Last trading price of LIC Housing Finance share is Rs 390.25 per share with intraday jump of 1.19%. LIC Housing Finance stock delivered 15% return in last 3-months. Check relevant details below:

LIC Housing Finance Sets Record Date For Dividend: According to the BSE filing of LIC Housing Finance dated July 24, 2023, "Board of Directors of the Company in its meeting held on Monday, July 24, 2023 at 10:00 AM through Video Conference approved that the Register of Members and the Share Transfer Books of the Company shall remain closed from Saturday, August 19, 2023, to Sunday, August 27, 2023 (both days inclusive) for the purpose of payment of final dividend and 34th Annual General Meeting. Accordingly, the Company has fixed Friday, August 18, 2023 as the Record Date for the purpose of ascertaining the eligibility of members for payment of final dividend."

LIC Housing Dividend History: It declared 23 dividends since June 20, 2001. If its current share price is taken into consideration, it offers a dividend yield of 2.18%.

LIC Housing Finance Stock Performance & Return: Last trading price of LIC Housing Finance share is Rs 390.25 per share with intraday rally of 1.19%. 52-week high price of LIC Housing Finance stock is Rs 443.50 apiece and 52-week low price is Rs 315.45 apiece, respectively. Its market capitalisation is Rs 21,466.21 crore. LIC Housing Finance shares declined 1% in last 6-months, fell 8% YTD, soared 4% in last 1-year, declined 14% in last 2-years, and offered 43% return in last 3-years.

LIC Housing Finance Financial Performance: The company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 5895.94 crore, up 15.57% from preceding quarter total income of Rs 5101.40 crore. It announced its latest quarter net profit after tax at Rs 461.97 crore.

LIC Housing About: Incorporated in 1989, LIC Housing Finance Ltd (LICHFL) is one of the largest Housing Finance Companies in India with a key objective of providing long term finance to individuals for the purchase or construction of house/flat for residential purposes in India. LICHFL also provides finance on existing property for business/ personal needs and also gives loans to professionals for purchase/construction of Clinics/Nursing Homes/ Diagnostic Centers/ Office Space and also for purchase of equipment, according to its official website.

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