LIC board recommends a final dividend of Rs 12 per share for the financial year ended March 31, 2025, totaling Rs 7,590 crore in dividend payments.
The proposed dividend is subject to shareholders' approval in the Annual General Meeting on Aug. 26; company sets record date as July 25 for dividend eligibility.
Government, owning 96% equity in LIC, will receive Rs 7,324 crore as dividend payment; LIC's consolidated net profit rose 38% in the Q4 of the fiscal year.
Before the dividend announcement, LIC's shares closed 0.12% higher at Rs 871.05 apiece on the BSE; net premium income fell 3.2% to Rs 1.48 lakh crore in Q4.