55.0% Final Dividend Recommended: Large Cap Financial Services Stock Announces

Board of large cap stock from Financial Services sector, ICICI Lombard General Insurance Company Ltd recommended 55.0% final dividend on Tuesday. Last trading price of the stock is Rs 1130.55 apiece on BSE. The stock witnessed a rally of 2.37% on April 18. The stock is trading near its 52-week low price of Rs 1049.10 apiece. Meanwhile, ICICI Securities has assigned buy call with target price of Rs 1445 per share and potential return of 28%. Check details below:

ICICI Lombard General Insurance Recommends Final Dividend: The board of directors of the company stated in the regulatory filing dated April 18, 2023, "The Board at the above Meeting also recommended final dividend of~ 5.50/- per equity share i.e. at the rate of 55.0% of face value of~ 10/- each for the financial year ended March 31, 2023, subject to approval of the Members of the Company at the ensuing Annual General Meeting."

ICICI Lombard General Insurance Stock Performance & Return: Last trading price of the large cap stock is Rs 1130.55 apiece. The stock's 52-week high price is Rs 1410.55 apiece and 52-week low price is Rs 1049.10 apiece, respectively. The company has a market capitalisation of Rs 55,524.94 crore. The stock declined 16% in last 1-year, 20% in last 2-years, and 5% in last 3-years. It gave a return of 47% in last 5-years.

ICICI Lombard General About: ICICI Lombard General Insurance Company Limited is one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of ₹185.62 billion for the year ended March 31, 2022. The company issued 29.3 million policies and settled 2.3 million claims as on March 31, 2022, according to its official website.

Disclaimer: The company announced final dividend today. Greynium Information Technologies, the Author, and the respective Brokerage House 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.