Dividend Stock: ICICI Bank declares dividend for investors, Know the Details

Dividend Stock: This company related to banking sector has announced to give dividend. If you have also invested in the shares of ICICI Bank, then let us tell you that ICICI Bank has announced a final dividend of Rs 8 per share for its investors.

However, this dividend is subject to approval from the shareholders at the Annual General Meeting (AGM). Once approved, the dividend will be paid or dispatched to the shareholders.

This company got listed on the Indian stock market on January 1, 1999, at a price of ₹ 4.08, whose share price today is more than 900 rupees. As we know, this is a large capitalist stock, so there is not much risk in it. That is, it has given returns of more than 22000% overall, which comes as a huge amount.

Same if we look at its 1 year returns then it is 21% but it has given returns of -2% in the last 6 months which will recover easily. At the same time, it has doubled the money invested in 5 years, which is an average of 40% returns every year. Well, The fundamentals of the company are good, so let us look at the dividend yield of ICICI Bank.

ICICI Bank Dividend Details

So as we know ICICI Bank is paying dividend of Rs.8 per equity share which has a face value of Rs.2. If you look at the dividend yield of the company, it is 0.55%, which is not considered as good. But yes, ICICI Bank gives almost good dividend comparison to other banking sector stocks.

Disclaimer: While these Share is attractive, investors should exercise caution and conduct thorough research before making any investment decisions. It is essential to evaluate a company’s financial health, growth prospects before investing.

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