HDFC Group The subsidiary company HDFC Asset Management Company is going to give its shareholders soon. HDFC Asset Management Company will give investors a bumper dividend of Rs 90 on each stock with a face value of Rs 5. This mutual fund house has fixed a record date on Friday, June 6 for this final dividend of Rs 90. That is, on June 6, the company shares will trade X-Dividend. Investors will not get the benefit of dividend on new shares to be purchased on 6 June. Investors have the time till June 5 to avail the Rs 90 dividend on a stock, the dividend will be fully benefited on the stocks purchased by June 5.
How long will the dividend money come to the account
The 26th AGM of HDFC Asset Management Company is going to be held on Wednesday, 25 June. Dividend will be paid only after the approval of shareholders in AGM. If the payment of dividend in AGM is approved, then the dividend money will be transferred to the bank account of the shareholders by July 25.
How is the company’s shares
On Tuesday, the shares of HDFC Asset Management Company were also seen trading in the red mark amid the decline in the stock market. By 02.14 pm, the company’s shares were trading at a price of Rs 15.60 (0.32%) at a price of Rs 4805.50. The company’s shares, which closed at a price of Rs 4821.10 on Monday, opened at Rs 4848.85 today. However, after the business started, it started to fluctuate a lot. By the time the news was written, HDFC Asset Management Company shares had taken from Intrade Low of Rs 4796.45 to 4939.90 Intrade High.
According to BSE data, HDFC Asset Management Company shares have 52 weeks of high 4939.90 and 52 weeks Low 3419.00. The current market cap of this mutual fund company included in the BSE 100 index is Rs 1,02,700.12 crore.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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