Large Cap NBFC Sector Company Sets Record Date For Dividend, Shares Rise 89% In 1-Year

Large cap stock operating in NBFC sector, L&T Finance Holdings Ltd fixed July 21, 2023 as the record date for payment of dividend of Rs 2/- per equity share. The dividend if approved will be paid on or before August 27, 2023. L&T Finance Holdings shares offered 89% return in last 1-year and 58% return in last 3-months only. Last trading price of L&T Finance Holdings share is Rs 127.70 per share with intraday gain of 3.40%. Check details below:

Board Of L&T Finance Holdings Sets Record Date For Dividend: According to the BSE filing of the company, "Pursuant to Regulation 42 of the Listing Regulations and in furtherance to our letter dated June 8, 2023, informing about the Board recommending a dividend of Rs. 2.00 per Equity Share (face value Rs. 10 each per equity share), which is subject to approval of the Members at the AGM, Friday, July 21, 2023 has been fixed as the record date for determining the list of Members entitled to receive the aforesaid dividend."

The aforesaid dividend, subject to approval of the Members at the ensuing AGM, will be credited / payment instruments will be dispatched on or before Sunday, August 27, 2023 subject to applicable deduction of tax at source.

L&T Finance Holdings Stock Performance & Return: Last trading price of L&T Finance Holdings share is Rs 127.70 apiece on BSE. The stock's 52-week high price is Rs 128.25 per share and 52-week low price is Rs 66.40 per share, respectively. The company has a market capitalisation of Rs 31,669.21 crore. L&T Finance Holdings stock offered 22% return in last 1-month, 42% return YTD, 46% return in last 6-months, and 109% return in last 3-years.

L&T Finance Holdings About: Headquartered in Mumbai, L&T Finance Holdings Ltd. is one of the leading Non-Banking Financial Companies (NBFCs) in India, with a strong presence across the lending business catering to the diverse financing needs of served and underserved customers. Through its entity L&T Finance Ltd., it offers Consumer loans, Two-Wheeler loans, Home loans, Micro loans, Farm loans, and SME loans, according to its official website.

Disclaimer: The NBFC company fixed record date for dividend. 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.