LIC Share: Investors may get shares dividend

LIC Share: Investors may get shares dividend

After flop listing lic share loss upto 15%, lic ipo Issue Price ₹949.00, Listing Day Opening ₹872.00, Listing Day Closing ₹873.00, lic listed on 17 May 2022.

The IPO has been subscribed 1.99 times in retail category as of  9th May 2022.

Retail Discount Rs 45 & Lic Policyholder discount Rs 60.

LIC Share don’t recover after downfall, so company decided to give dividend on eligible stock holders my be cash & share give to shareholders.

Life Insurance Corporation of India (LIC) will hold a meeting of its board of directors to consider and approve payment of dividends, if any, the insurance behemoth said in a BSE-filing. The meeting is scheduled to be held on May 30.

WHAT IS DIVIDEND?

The dividend must be paid out as cash or in the form of additional stock to eligible stock holders.

“Life Insurance Corporation of India has informed BSE that a meeting of the Board of Directors of the Corporation is scheduled to be held on May 30, 2022, to consider, inter alia, the following agenda items: To consider and approve the audited Annual Financial Results (standalone and consolidated) for the quarter/year ended on March 31, 2022 and payment of Dividend, if any,” LIC said in the BSE-filing.