HDFC AMC Dividend: Last Day To Buy Shares To Qualify — Details Here

Shares of HDFC Asset Management Co. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

HDFC AMC's board announced a final dividend of Rs 90 per share for financial year 2025, the highest dividend to be given by the company. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 6. The total value of the dividend to be disbursed amounts to around Rs 1,924 crore.

The firm will pay the final dividend within 30 days after shareholder approval at the annual general meeting.

Given India's T+1 settlement cycle, shares purchased on the record date (June 6 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 5 will be the beneficiaries.

In comparison the company had issues a dividend of Rs 70 in the last financial year and Rs 48 in 2023.

The AMC's net profit rose by 18% to stand at Rs 638 crore on a year-over-year basis. The net profit posted in the year-ago period was Rs 541 crore.

The total income of the company also saw a notable increase of 20.5% this quarter, standing at Rs 1,025 crore for the period. The company had posted a total income of Rs 851 crore in the previous year.

For this quarter, the company holds financial assets worth Rs 8,469.91 crore, which is higher than the Rs 7,323.66 crore they reported in the year-ago period.

The total expenses for the quarter stood at Rs 190.41 crore in this quarter, while the year-ago expenses were Rs 172.38 crore, according to the company's profit and loss statement.