ICICI Prudential AMC announces thirty rupee interim dividend for shareholders

ICICI Prudential Asset Management Company has declared a payout of thirty rupees per equity share for the financial year two thousand twenty-six to twenty-seven. The company board set October twenty-first as the record date to check who is eligible for this money. Shareholders must hold the shares by October twentieth to qualify for the payment. This dividend equals three thousand percent of the stock face value of one rupee each.

Market Details

The company stock ended lower by zero point nine percent at two thousand eight hundred eleven rupees and seventy-five paise on the BSE on Friday. The total market value of the firm stands at one lakh thirty-eight thousand nine hundred seventy-three crore rupees. Over the past twelve months, the firm gave a total payout of twenty-seven rupees and twenty-five paise per share, giving a dividend yield of zero point ninety-seven percent. The share price has dropped nine point fifty-five percent over three months and fourteen point sixty-eight percent over six months, though it is up seven point ten percent overall in the year two thousand twenty-six so far.

Financial Results

The asset management company posted a six point one percent increase in net profit reaching eight hundred eighty-nine crore rupees for the September quarter. Profit stood at eight three eight crore rupees in the same period last year. Revenue from operations went up by sixteen point three percent to one thousand six hundred seventy-four crore rupees from one thousand four hundred thirty-nine crore rupees previously.

Context

Dividends are a portion of corporate profits shared directly with equity owners as a reward for holding the stock. Companies fix a specific record date to officially identify which investors are registered in their books to receive these funds.