Life Insurance Corporation of India Dividend 2024 : Should Life Insurance Corporation of India be a part of your dividend portfolio?
Life Insurance Corporation of India is one of the most popular Insurance company in the world with a market capitalisation of ₹6,57,009.14Cr. Its share price is ₹1,038.90 as on 8 September,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Life Insurance Corporation of India gave ₹10 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Insurance stocks do not always pay a dividend but as Life Insurance Corporation of India pays dividends to reward its shareholders.
In the quarter ending March 2024, Life Insurance Corporation of India has declared dividend of ₹6 - translating a dividend yield of 0.96%.
Let's look at Life Insurance Corporation of India’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Life Insurance Corporation of India’s revenue were ₹2,13,083.90Cr in the quarter ending June 2024. The revenue grew by 11.98% year on year basis since last quarter.
Life Insurance Corporation of India’s profits were ₹10,544.33Cr in the quarter ending June 2024. The profits grew by 9.44% year on year basis since last quarter.
Life Insurance Corporation of India’s dividend was ₹6 in the quarter ending March 2024.
Life Insurance Corporation of India Dividend related ratios:
Last dividend date: 27/05/2024
Current Dividend Yield: 0.96%
Annual dividend payment: ₹10
History of Life Insurance Corporation of India's Dividend payments
Ex/EFF DATE
TYPE
CASH AMOUNT
DECLARATION DATE
RECORD DATE
19/07/2024
CASH
₹6
27/05/2024
19/07/2024
21/02/2024
CASH
₹4
08/02/2024
21/02/2024
21/07/2023
CASH
₹3
25/05/2023
21/07/2023
25/08/2022
CASH
₹1.50
30/05/2022
26/08/2022
Life Insurance Corporation of India Dividend v/s Life Insurance Corporation of India Share price