Dividend Stocks: Angel One share price remained in focus on Tuesday, January 21 as it traded ex-date regarding an interim dividend of ₹11 per share.
Dividend details
The Board of Directors of Angel One at their meeting on January 13, 2025, had approved the 1st interim dividend for the Financial Year 2024-25 at the rate of ₹11 per share on equity shares having a face value of ₹10 per share.
Record Date
The Record Date for determining the eligibility of shareholders for payment of the said interim dividend, as declared by the Board of Directors, had been set to be Tuesday, January 21, 2025.
The record date of January 21 meant that as per the T+1 settlement mechanism, investors needed to buy shares of Angel One a day before the record date for their names to appear in the list of eligible shareholders for receiving dividend payout.
Angel One Dividend Payout date
The dividend, as per the Angel One release on the exchanges, is set to be paid on or before February 12, 2025, to those members, whose names appear on the Register of Members or in records of Depositories as beneficial owners of the shares as on the closure of business hours of Tuesday, 21 January, 2025, which is the Record Date fixed for the purpose.
Angel One Q3 Results
On Monday, January 13, Angel One announced its October-December quarter results for fiscal 2024-25 (Q3FY25), registering an 8.1% increase in net profit at ₹281.4 crore over ₹260.4 crore during the same time the previous year. As stricter rules in the derivatives industry weighed on Angel One, it announced its lowest quarterly profit rise since going public in 2020.
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