Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Livemint
Livemint
Business
Vipul Das

Board of AMC stock announces record date for 117% dividend

For the financial year 2021-22, Aditya Birla Sun Life AMC has announced an equity dividend of 5.85/- per equity share or 117% with a face value of ₹5.

The company has said in its exchange filing that “As informed earlier, the Board of Directors had recommended a final dividend of Rs. 5.85/- per equity share for the financial year 2021-22. The final dividend, if approved by the shareholders at the ensuing AGM, shall be paid on or before Wednesday, 17th August 2022. In terms of Regulation 42 of the SEBI Listing Regulations, we wish to inform you that the record date for determining the shareholders eligible to receive the final dividend, subject to the shareholder’s approval at the ensuing AGM, will be Thursday, 14th July 2022."

The stock dipped 0.84 per cent from its previous closing of 404.50 to close today's trading at a market price of 401.10. The stock has fallen 42.65 per cent in the last year, and so far in 2022, it has declined 24.23 per cent according to a year-to-date (YTD) basis. The stock has fallen 20.35 per cent over the previous six months, 8.02 per cent over the past month, and 1.67 per cent during the past five trading days. Aditya Birla Sun Life AMC shares reached a 52-week high on the NSE on October 11, 2021, at 722.90, and the most recent 52-week low on June 17, 2022, at 375. This means that at the current price of 401.10, the stock is trading 44.51 per cent below its 52-week high and 6.96 per cent above its 52-week low. Aditya AMC is trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages as of Friday's closing price.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.