Mumbai, June 24: Life Insurance Corporation of India (Life Insurance Corporation of India) has fixed June 25 (Thursday) as the record date for its final dividend of ₹10 per share, making today the final trading session for investors looking to qualify for the payout.
The record date determines which shareholders are eligible to receive the dividend. Only those whose names appear in the company’s demat records as of June 25 will be entitled to the declared payout.
Under the SEBI T+1 settlement mechanism, shares purchased must be credited to an investor’s demat account before the record date. This effectively means investors need to buy LIC shares at least one trading day prior to the record date to ensure eligibility for the dividend.
The announcement has placed LIC shares in focus, as market participants typically see increased interest in dividend-paying large-cap companies around record dates.
Dividend declarations by major public sector insurers like LIC are closely tracked by investors seeking steady income opportunities, especially in volatile market conditions.
Investors are advised to carefully consider settlement timelines and trading cut-offs to ensure they do not miss eligibility for corporate benefits.
The ₹10 per share final dividend reflects LIC’s continued commitment to rewarding shareholders, even as it navigates evolving market and regulatory conditions.
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