LIC Sets Jul 19 as Record Date for Final Dividend Payout of Rs 6 Per Share

Life Insurance Corporation of India has recommended a final dividend of Rs 6 per share for the fiscal year 2023–24, with the record date for payout fixed as July 19.

The latest dividend is also LIC's highest-ever payout to its shareholders as it paid a final dividend of Rs 3 per share in the last year.

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The Government of India will receive a dividend of Rs 3,662 crore from LIC as it is the majority stakeholder with 96.5% shares.

LIC also declared its Q4 financial result, registering a 2% YoY increase in net profit at Rs 13,763 crore with a total income of Rs 2,50,923 crore during the quarter.

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