General Insurance Corporation of India Dividend 2023 : Should General Insurance Corporation of India be a part of your dividend portfolio?
General Insurance Corporation of India is one of the most popular Financial Services company in the world with a market capitalisation of ₹53,956.57Cr. Its share price is ₹311.75 as on 29 November,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, General Insurance Corporation of India gave ₹9.45 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Financial Services stocks do not always pay a dividend but as General Insurance Corporation of India pays dividends to reward its shareholders.
In the quarter ending March 2023, General Insurance Corporation of India has declared dividend of ₹7.20 - translating a dividend yield of 3.03%.
Let's look at General Insurance Corporation of India’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
General Insurance Corporation of India’s revenue were ₹13,465.89Cr in the quarter ending September 2023. The revenue grew by 7.11% year on year basis since last quarter.
General Insurance Corporation of India’s profits were ₹1,688.95Cr in the quarter ending September 2023. The profits fell by -23.8% year on year basis since last quarter.
General Insurance Corporation of India’s dividend was ₹7.20 in the quarter ending March 2023.
General Insurance Corporation of India Dividend related ratios:
Last dividend date: 25/05/2023
Current Dividend Yield: 3.03%
Annual dividend payment: ₹9.45
General Insurance Corporation of India Dividend v/s General Insurance Corporation of India Share price
History of General Insurance Corporation of India's Dividend payments
Ex/EFF DATE
TYPE
CASH AMOUNT
DECLARATION DATE
RECORD DATE
08/09/2023
CASH
₹7.20
25/05/2023
08/09/2023
07/06/2022
CASH
₹2.25
27/05/2022
08/06/2022
19/07/2019
CASH
₹6.75
23/05/2019
22/07/2019
12/07/2018
CASH
₹13.50
25/05/2018
14/07/2018
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