Financial Services Midcap Stock Declares Rs 22/Share Final Dividend, Stock Trading Near 52 Week Low

Financial services stock UTI Asset Management Company Ltd. (UTI AMC) on Wednesday recommends a final dividend of Rs 22 per equity share of face value of Rs 10 each for the financial year 2022-23.

The company is engaged in managing assets across different businesses. These include domestic Mutual Funds, Portfolio Management Services, International Business, Retirement Solutions, and Alternate Investment assets. It is a Midcap company having a market valuation of Rs 8.457.75 crore.

Board Recommends Rs 22 Per Equity Share Dividend

According to an exchange filing by the Board of Directors of the UTI Asset Management Company Ltd, "recommended a final dividend of Rs. 22 per equity share of face value of Rs. 10 each for the financial year ended 31st March, 2023, subject to the approval of the shareholders at the 20th Annual General Meeting of the Company."

Stock Overview

On Wednesday, the shares of the UTI AMC last traded at Rs 666.05 apiece on NSE, up 0.49% from its previous close. Its 52-week low is Rs 595 apiece and its 52-week high is Rs 960 apiece, respectively. The stock was listed on 12 October 2020.

Since its date of listing, it has given 39.87% positive return. It has fallen 1.38% in 1 week and gained 1.29% in 1 month. It has fallen 28.37% in 1 year.

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