Life Insurance Corporation of India (LIC) has fixed June 25 (Thursday) as the record date for its final dividend of Rs 10 per share, effectively making today the last day for interested investors to buy the shares of the insurance behemoth in order to qualify for the dividend payout.
Only those shareholders who own LIC shares in their demat accounts as of Thursday will be eligible to receive the dividend. Under the market regulator SEBI’s T+1 settlement cycle, investors must buy shares of a company at least one trading day before the record date so that they are credited to their demat accounts by that day, making them eligible for the dividend.
