LICI
Life Insurance Corporation of India
₹908.65
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 ₹5,74,499.54Cr. Its share price is ₹908.65 as on 16 November,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 1.10%.
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 ₹2,31,926.41Cr in the quarter ending September 2024. The revenue grew by 14.07% year on year basis since last quarter.
- Life Insurance Corporation of India’s profits were ₹7,728.68Cr in the quarter ending September 2024. The profits fell by -3.76% 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: 1.10%
- 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 |
