HDFC Subsidiary Set To Pay Highest Dividend In 5 Yrs, Record Date This Week

HDFC Asset Management, subsidiary of HDFC announced its highest dividend of Rs 48.00 per share on April 25, 2023, its highest dividend in the last 5-years. The record date of the dividend is June 9, 2023. Current market price of HDFC Asset Management Company Ltd share is Rs 1963.50 per share on BSE. HDFC Asset Management share delivered 11% return in last 2-weeks. Check details below:

1. HDFC Asset Management's Record Date For Dividend Is Just 3-Days Away

The company fixed the record date on May 18, 2023. According to the BSE filing of the company, "In this regard, pursuant to Regulation 42 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Record Date, for the purpose of ascertaining the entitlement of the shareholders to the dividend of Rs. 48/- per equity share of face value of Rs. 5/- each, shall be Friday, June 9, 2023."

2. HDFC Asset Management Share Performance & Return

Current market price of HDFC Asset Management stock is Rs 1963.50 on BSE. Its 52-week high price is Rs 2314.00 apiece and 52-week low price is Rs 1595.25 apiece, respectively. The company has a market capitalisation of Rs 41,916.49 crore.

3. HDFC AMC Financial Performance

The company for the quarter ended March declared its standalone net profit at Rs 376 crore, up 10% as compared to Rs 343 crore in the same period of last year. Its revenue from operations surged 5% to Rs 541 crore for the quarter ended March as against Rs 516 crore announced in the corresponding quarter of last year.

4. HDFC Asset Management About

It is one of India's preferred mutual fund managers. It offers a comprehensive suite of investment options across asset classes and scheme categories. Over the past two decades, It has been delivering simple and accessible investment products to Indian households.

Disclaimer

The stock declared dividend and record date is just 3 days aways. Greynium Information Technologies and the author 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.