General Insurance Corporation of India recommends dividend of Rs. 7.20

The Board of directors of General Insurance Corporation of India has recommended dividend @ Rs. 7.20 per equity share (subject to deduction of TDS) on the Face Value of Rs. 5 each (i.e. 144% of paidup equity share capital), for the financial year 2022-23, subject to the approval of the shareholders at the ensuing 51st Annual General Meeting (AGM). The dividend would be paid within 30 days from the date of its declaration at the AGM.

The Board of Directors has approved fixation of the Record date as Friday, 8th September 2023, for taking record of Eligible/Beneficial Owners for payment of Equity Dividend as may be approved by the members in the ensuing 51st AGM.

Shares of General Insurance Corporation of India was last trading in BSE at Rs. 177.50 as compared to the previous close of Rs. 174.90. The total number of shares traded during the day was 126232 in over 2373 trades.

The stock hit an intraday high of Rs. 182.05 and intraday low of 173.00. The net turnover during the day was Rs. 22485391.00.

Source : Equity Bulls

Keywords

GeneralInsuranceCorporationofIndia INE481Y01014 GICRE Dividend FY2023