With a market valuation of Rs. 15,428.74 crore, ICICI Securities Limited is a mid-cap corporation that provides financial services. ICICI Securities serves its clients across the country through its four business lines: Investment Banking, Wealth Management, Distribution of Financial Products and Broking. The company is registered with the Securities and Exchange Board of India (SEBI) as a Stockbroker, Merchant Banker, Portfolio Manager, Investment Advisor and Research Analyst. Additionally, it has Points of Presence (POPs) registered with Corporate Agent Certification with Pension Fund Regulatory and Development Authority of India (PFRDA) and Insurance Regulatory and Development Authority of India (IRDAI) for disbursement of National Pension Scheme (NPS). ,
The company in a regulatory filing said that “The Board of Directors, in its meeting held on April 20, 2022, recommended payment of final dividend. 12.75 (Rupees twelve and seventy five only) per equity share of face value 5/- to the members of each company subject to the approval of the members at the next AGM of the company. As per Section 91 of the Companies Act, 2013 and Section 42 of SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015, we would also like to inform you that the Register of Members of the Company and Share Transfer Books will remain closed from Saturday. , to determine the names of members eligible for final dividend on equity shares for the financial year ending March 31, 2022 to Friday, August 26, 2022 (both days inclusive) from August 20, 2022. Final dividend on equity shares, if approved, shall be paid at the AGM to the members holding the shares: in dematerialized mode, on the basis of beneficial ownership details received from National Securities Depository Limited and Central Depository Services (India) Limited on Friday. , at the end of business hours on Aug. 19, 2022. in physical mode, if their names appear in the register of members of the company at the close of business hours on Friday, August 19, 2022.”
Current dividend yield of 2.65 percent at current market price 480.40 is produced by the company’s 255% dividend declaration at face value 5 or 12.75 equity dividend per share. The stock has fallen 33.59 per cent in the past one year, and on a year-on-year basis, it has fallen 39.21 per cent so far in 2022.
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