ICICI Lombard General Insurance Company Ltd is a significant player in the financial services industry with a market value of Rs 61,621.43 crore.

As one of India’s top private general insurance providers, ICICI Lombard General Insurance Company Ltd offers many types of insurance, including auto, health, travel, commercial, crop and cyber insurance.

The company’s board of directors has recommended a dividend of Rs 5 per share with a par value of Rs 10 for the financial year ending March 31, 2022, and the company has declared the same record date.

In its filing to the BSE, the company mentioned that it had set Friday, July 29 2022, as the “record date” to determine members’ entitlement to final dividends for the financial year ending March 31 2022, if approved at the AGM.

On the recommendation of the board, the final dividend for the financial year ending March 31, 2022, will be at the rate of Rs 5 per share on the par value of Rs 10 per share Payments to those members who hold shares in a dematerialised mode based on beneficial ownership details received from National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as at Friday, July 29 2022.

In physical mode, if their names appear on the company’s roster of members, a valid transfer or conversion request submitted to the company on Friday, July 29, 2022, becomes effective.

Shares of ICICI Lombard General Insurance closed at Rs 1,251 today, up 0.024% from its previous close of Rs 1,250.7. The stock has lost 17.78% over the past year and is down 11.26% in 2022.

At current market prices, the stock is trading above the 20-day, 50-day and 100-day moving averages but below the 5-day and 200-day moving averages.