LIC Housing Finance net profits dips in Q4 but announces 450 percent dividend know details

LIC Housing Finance Dividend News: LIC Housing Finance has released the results for the March quarter. There has been a decline in the company's profits in the quarter. Even after this the company has announced to give dividend to the shareholders. While giving information in its exchange filing, the company has said that it is paying dividend at the rate of Rs 9 per share on shares with face value of Rs 2. In such a situation, the company is giving a huge dividend of 450 percent to the shareholders on one share. The company has also said that the approval of dividend will be taken in the Annual General Meeting of the company. After the dividend is approved in the AGM, this money will be credited to the shareholders' accounts within 30 days.

How was the company's performance?

LIC Housing Finance Company has released the results for the quarter of March 2024. There has been a big decline in the net profit of the company and it has come down by 7.6 percent from the last year's quarter to Rs 1090.80 crore. The company's profit in the same quarter last year was Rs 1180 crore. The company has earned Rs 2,237.60 crore through interest during this period, which is 12.40 percent more than the same quarter last year.

How is the condition of the company's shares?

After the results announced by the company on Wednesday, there was a decline in the shares of the company yesterday, but on Thursday, May 16, a rise in the shares of the company is being seen and it is currently at the price of Rs 647.90 with an increase of 2.69 percent. On May 2, the company's shares had reached a seven-year high of Rs 682.90.

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