LIC Housing Finance Limited, a housing finance company, provides loans for the purchase, construction, repair, and renovation of houses/buildings in India. It offers deposits; home loans to residents and non-residents, as well as to pensioners; construction finance and term loans for builders/developers; and loans for staff quarters and other lines of credit for corporates. The company also provides loans against properties for companies and individuals; loans against securities; loans under rental securitization; and loans to professionals. In addition, it manages, advises, and acts as a trustee to venture capital and alternative investment funds; develops residential projects for senior citizens; and markets life and general insurance products, mutual funds, and credit and LIC cards. The company markets its products through home loan agents, direct sales agents, and customer relation associates. As of March 31, 2021, it operated through a network of 24 back offices, 282 marketing offices, 1 customer service point, and 9 regional offices, as well as representative offices in Dubai and Kuwait. LIC Housing Finance Limited was incorporated in 1989 and is based in Mumbai, India.
LIC Housing Finance Dividend Announcement
• LIC Housing Finance announced a annually dividend of ₹9.00 per ordinary share which will be made payable on 2024-09-28. Ex dividend date: 2024-08-23
• LIC Housing Finance annual dividend for 2024 was ₹9.00
• LIC Housing Finance annual dividend for 2023 was ₹8.50
• LIC Housing Finance's trailing twelve-month (TTM) dividend yield is 1.42%
• LIC Housing Finance's dividend growth over the last five years (2018-2023) was 4.56% year
• LIC Housing Finance's dividend growth over the last ten years (2013-2023) was 8.38% year
LIC Housing Finance Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-23 | ₹9.00 | annually | 2024-09-28 |
2023-08-18 | ₹8.50 | annually | 2023-09-27 |
2022-09-19 | ₹8.50 | annually | 2022-10-29 |
2021-09-16 | ₹8.50 | annually | 2021-10-27 |
2020-09-17 | ₹8.00 | annually | 2020-10-28 |
2019-08-16 | ₹7.60 | annually | 2019-09-27 |
2018-08-09 | ₹6.80 | annually | 2018-09-19 |
2017-08-08 | ₹6.20 | annually | 2017-09-17 |
2016-08-09 | ₹5.50 | annually | |
2015-08-07 | ₹5.00 | annually | |
2014-08-07 | ₹0.50 | annually | 2014-09-18 |
2013-07-09 | ₹3.80 | annually | 2013-08-24 |
LIC Housing Finance Dividend per year
LIC Housing Finance Dividend growth
LIC Housing Finance Dividend Yield
LIC Housing Finance current trailing twelve-month (TTM) dividend yield is 1.42%. Interested in purchasing LIC Housing Finance stock? Use our calculator to estimate your expected dividend yield:
LIC Housing Finance Financial Ratios
LIC Housing Finance Dividend FAQ
Other factors to consider when evaluating LIC Housing Finance as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: LIC Housing Finance's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, LIC Housing Finance publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, LIC Housing Finance distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from LIC Housing Finance are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: LIC Housing Finance sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, LIC Housing Finance distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: LIC Housing Finance declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of LIC Housing Finance's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review LIC Housing Finance's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.