Angel One Dividend: Last Day To Buy Shares To Qualify — Details Here
Angel One's board announced a final dividend of Rs 26 per share for financial year 2025.
Shares of Angel One Ltd. 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.
Angel One's board announced a final dividend of Rs 26 per share for financial year 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as May 30.
Together, with the interim dividend of Rs 11 declared by the board on March 20 and interim dividend of Rs 11 on Jan. 21, 2025, the total dividend for the financial year 2025 would be Rs 48 per share.
In comparison, the company had issued an interim dividend of Rs 12.70 on Jan. 23, 2024, and interim dividend of Rs 12.70 apiece on Oct. 20, 2023.
Given India's T+1 settlement cycle, shares purchased on the record date (May 30 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by May 29 will be the beneficiaries.
Angel One's Q4 Performance
The company posted a decline in both revenue and net profit. The company reported a 22.3% fall in their revenue as the company reported Rs 1,056 crore revenue.
The net profit reported by the company stood at Rs 174.5 crore as it plunged 49% compared to the year-ago period.
The net profit has missed Bloomberg estimates while the company's revenue has met estimates. Additionally, the company's board has approved the final dividend of Rs 26 per share for the financial year 2025.
According to Bloomberg analysts, the company was set to see an 18.7% decline in its revenue this quarter. The revenue was expected to moderate to Rs 1,056 crore, which was spot on.
While the net profit was expected to be around Rs 188 crore this quarter, the company posted a lower number, which had declined significantly from the previous year.
