Board of AMC stock announces record date for 117% dividend

Aditya Birla Sun Life AMC Ltd, a small-cap firm with a market capitalization of 11,543 crore, operates within the monetary business. Aditya Birla Sun Life AMC Limited is a collaboration between Sun Life (India) AMC Investments Inc. and Aditya Birla Capital Limited. Aditya Birla Sun Life AMC, one of India’s high asset managers with a presence throughout over 280 areas, is a component of the company, which serves because the holding firm for the Aditya Birla Group’s monetary companies firms. For the monetary 12 months 2021-22, Aditya Birla Sun Life AMC has introduced an fairness dividend of 5.85/- per fairness share or 117% with a face worth of 5. And for the aim of dividend, the corporate has introduced the record date at its assembly held on June 23, 2022.

The firm has mentioned in its trade submitting that “As knowledgeable earlier, the Board of Directors had really helpful a remaining dividend of Rs. 5.85/- per fairness share for the monetary 12 months 2021-22. The remaining dividend, if permitted by the shareholders on the ensuing AGM, shall be paid on or earlier than Wednesday, seventeenth August 2022. In phrases of Regulation 42 of the SEBI Listing Regulations, we want to inform you that the record date for figuring out the shareholders eligible to obtain the ultimate dividend, topic to the shareholder’s approval on the ensuing AGM, can be Thursday, 14th July 2022.”

The stock dipped 0.84 per cent from its earlier closing of 404.50 to shut at this time’s buying and selling at a market worth of 401.10. The stock has fallen 42.65 per cent within the final 12 months, and to date in 2022, it has declined 24.23 per cent in accordance with a year-to-date (YTD) foundation. The stock has fallen 20.35 per cent over the earlier six months, 8.02 per cent over the previous month, and 1.67 per cent in the course of the previous 5 buying and selling days. Aditya Birla Sun Life AMC shares reached a 52-week excessive on the NSE on October 11, 2021, at 722.90, and the latest 52-week low on June 17, 2022, at 375. This signifies that on the present worth of 401.10, the stock is buying and selling 44.51 per cent under its 52-week excessive and 6.96 per cent above its 52-week low. Aditya AMC is buying and selling under the 5-day, 20-day, 50-day, 100-day, and 200-day transferring averages as of Friday’s closing worth.

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