ICICI Lombard General Insurance Company Ltd, India’s largest private sector insurance company have announced 7.5% interim dividend on 10th of October 2017 during the quarterly results, for which the record date has been set as 27-Oct-2017 and effective date is 26-Oct-2017.
On 10-Oct-2017, ICICI Lombard has announced an interim dividend Rs. 0.75 per equity share of Rs. 10 each of the company.
On 17-Oct-2017, upon board directors approval, ICICI Lombard have set the record date as 27-Oct-2017 and the ex-date of the dividend falls on 26-Oct-17.
ICICI Lombard, a joint venture of ICICI Bank Ltd and Fairfax Financial Holdings Ltd from Toronto is offering all major insurances.
ICICI Lombard share dividend History:
ICICI Lombard didn’t announce any dividend before. Also, note that the company declared henceforth the board would consider the dividends on half yearly basis.
Investors who are willing to receive the dividend shares should buy it before 26-Oct-2017. Investors will be getting Rs. 0.75 for every one share held before 26-Oct-2017. Shares purchased on or after the ex-date 26-Oct-17 are not eligible for receiving this dividend.
ICICI Lombard have moved up 1.32% since the announcement of interim dividend.
ICICI Lombard price on 10-Oct-2017 is 687.00 and on 16th Oct 2017, it is trading at 696.05 in NSE.