Midcap LIC Group Stock Recommends 425% Dividend, Stocks Fall Over 4% In 1 Week; Know More

The Board of Directors of LIC Housing Finance Ltd. (LIC HFL) in a Board meeting held on 16th May 2023 recommends a dividend of Rs. 8.50/share of Rs. 2 each i.e. 425% for the financial year 2022-23.

LIC HF Lis a midcap NBFC operating in the Housing Finance industry, It has a market capitalisation of Rs. 20,022.29 crore.

425% Dividend

According to an exchange filing, "The Board of Directors of the Company in its meeting held today i.e. 16th May, 2023, inter alia approved recommendation of dividend for financial year 2022-2023 425% i.e. Rs. 8.50 per equity share of Rs. 2/-each. The dividend on equity shares, will be paid on n or after date of AGM."

Stock Outlook

On Friday, the stock of LIC HFL closed at Rs. 2.15% after falling 2.15%. Its 52 week low is Rs.291.75/share and 52 week high is Rs. 443.60/share on NSE.

The stock has fallen 4.01% in 1 week, whereas, it has fallen 1.27% in 1 month. It jumped 6.73% in 1 year. It gave 43.53% in the past 3 years. It has fallen 26.75% in the past 5 years.

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