LIC Share Dividend 2022 Record Date, LIC Share Price NSE: LIC share, Life Insurance Corporation of India, NSE: LICI, has announced to pay a dividend to its shareholders. LIC is an insurance behemoth owned by the government. As per the exchange filing, LIC will pay a dividend of Rs 1.50 per share for the financial year 2021-22 to its shareholders. LIC share face value is Rs 10 each.
LIC is the country’s largest insurer. The company was formed by merging and nationalising 245 private life insurance companies on September 1, 1956, with an initial capital of Rs 5 crore.
LIC share dividend 2022 record date
LIC share dividend record date is August 26, as per the exchange filing. It means that shareholders having LIC shares in their Demat account on the record date will be eligible for receiving the dividend amount. Dividend payment is one of the corporate actions. The record date determines the eligibility of shareholders for receiving the dividend.
LIC share dividend payment is subject to the approval of members of the Corporation in 1st Annual General Meeting (AGM). The company is slated to hold its first AGM on September 27, 2022, according to the filing.
LIC Share Price History
LIC IPO, India’s largest public issue, witnessed a good response from domestic investors, fetching Rs 20,557 crore. Prior to this, Paytm IPO in 2021 had mobilised Rs 18,300 crore, surpassing the state-owned Coal India’s record of fetched nearly Rs 15,500 crore in 2010. Anil Ambani’s Reliance Power had in 2008 mobilised Rs 11,700 crore through the public offer.
LIC IPO was listed on the NSE and BSE on May 17, 2022. The government had offloaded 3.5 per cent of its stake through the IPO route.
LIC share price has declined 18 per cent since its listing. The 52-week range of LIC share price is Rs 918.95 – Rs 650 on the NSE. The stock finished at Rs 677.80 on the NSE on Thursday, August 25.