ICICI Prudential to Decide on Dividend on April 15; Shares Surge 2.5%. The company last paid a dividend of ₹0.6 per share in June 2024.
Mumbai: Leading Indian insurance company, ICICI Prudential Life Insurance, is preparing to distribute dividends to its investors once again. In a regulatory filing to the stock exchange, the company announced that its board of directors will meet on April 15, 2025, to consider a dividend recommendation alongside the audited results for FY 2024-25.
Following this announcement, the company's shares witnessed a surge of over 2.5% on Tuesday, April 8th, even as the Sensex and Nifty experienced significant declines. This indicates investor confidence in a b upcoming dividend announcement.
Market Decline, but ICICI Pru Stock Shows Strength
While the Sensex and Nifty plummeted by 3% and 3.25% respectively, driven by concerns over Donald Trump's Reciprocal Tariff Policy in the US and global recession fears, ICICI Prudential's stock performed well. The company's shares closed at ₹553 on Monday, signaling stability despite recent market weakness.
Previous Dividend and Expectations
ICICI Prudential last paid a dividend of ₹0.60 per share to its investors in June 2024. With the current financial year ending, investors anticipate another dividend. However, the company has not yet announced the record date or payment date. This information is expected to be released after the board meeting on April 15th.
Investor Alert: Focus on Dividend Yield
ICICI Prudential shares are currently trading 32% below their 52-week high and have experienced a decline of approximately 18.28% in the last three months. Therefore, a potential dividend could be welcome news for investors. A b dividend recommendation from the board could boost both share prices and investor interest.
