Life Insurance Corporation is likely to consider the declaration of an interim dividend for the financial year 2023-24 on February 8. The state-owned insurance behemoth will also release its Q3 FY24 results on the same day.
In a regulatory filing on Monday, LIC said, “The board of directors of the Corporation is scheduled to be held on February 8, 2024, inter-alia, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine-month period ended on December 31, 2023. In the said meeting, the board of directors may consider a proposal for declaration of interim dividend for the Financial Year 2023-24.”
Shares of LIC on Tuesday were trading Rs 7.65 or 0.76 per cent higher at Rs 1,008 apiece on the BSE.
In mid-January, LIC overtook the State Bank of India and became the most valued public sector undertaking. The SBI share price on February 5 fell 1.11 per cent to Rs 643.2 and its market cap stood at Rs 5.77 lakh crore.
Its shares have surged over 55 per cent in the past three months.
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