The company has declared an interim dividend of Rs 70 per share for its shareholders. After the board meeting on Friday, the company informed the stock markets about this. The company’s shares rose by about 1.66 percent on Friday to reach Rs 3823.20 on the National Stock Exchange.

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The special thing is that this is the highest dividend payment ever made by HDFC Asset Management Company in its trading history. Shareholders are going to get the biggest dividend ever since the company’s listing in the year 2018.

When is the record date?

In the information given to the stock markets, it has been said that the record date for the dividend is June 18. By this date, shareholders whose names are in the records of the Register of Members of the Company or Depositories as beneficial owners of the shares will be entitled to the dividend. The dividend will be paid to the eligible shareholders on or before June 30, 2024. This dividend will be issued at a face value of Rs 5 per share.

90% return in one year

Talking about the performance of HDFC AMC company’s stock, this stock has given a strong return of more than 90% in the last 1 year. In the last 6 months, the stock has seen a strength of more than 25%.

The post HDFC AMC announces dividend of Rs 70 per share for FY 24, check record date first appeared on Rightsofemployees.com.