On Monday, April 17, Angel One’s board of directors declared a final dividend of Rs 4 per share at a face value of Rs 10 or a dividend yield of 40% for the current financial year.

“Approves and recommends a final dividend of Rs 4 per share for the financial year 2022-23,” the company wrote in a regulatory filing.

The brokerage has not yet announced a record date but will do so soon. The dividend amount will be directly credited to the shareholder’s bank account linked to their demat account on the payment date.

“If approved by members of the company at a subsequent annual general meeting, the dividend will be paid within 30 days of the date of the annual general meeting,” reads the company’s regulatory filing.

Year-to-date, the stock has delivered a negative return of 2% to its investors, and Nifty50 has corrected the span to 3%. Over the past year, the stock has corrected 22%.