This ICICI Group Stock Gives Dividend Yields Of Robust 5.50%, Nears 52-week Lows

It's been a slow and steady decline for broking stocks. In fact, several of them like AngelOne and Motilal Oswal Financial Services have now dipped to near 52-week lows. ICICI Group stock, ICICI Securities too joins the list. It's some way from a 52-week low, but, it is nearing there. Before we elaborate any further, we would like to state that this is just information and not a buy, sell or hold call from our end.

ICICI Securities: Robust dividend of 5.50%

ICICI Securities has given a robust dividend of 5.50% in the last year. For the year ending March 2022 ICICI Securities Ltd has declared an equity dividend of 480.00% amounting to Rs 24 per share. At the current share price of Rs 435 this results in a dividend yield of 5.50%. However, what is important to know that is there is no assurance that in the future the dividends would be the same. Bulk of the revenues of the company are from the broking business and we don't foresee the possibility of a major downturn here.

As mentioned earlier, we have not got into the valuation bit and hence have no calls to make, but, providing you with information. For the quarter ending Dec 31, 2022 the company reported an EPS of Rs 8.64, which was down from Rs 9.28 for the Sept quarter. There has been some decline in profitability that we have seen from the Sept quarter to the December quarter.

On the Bombay Stock Exchange, the shares of ICICI Securities were trading at Rs 435.30, as against the current 52-week low of Rs 408.20. The stock had hit a 52-week high of as much as Rs 679.

Disclaimer

The stock is not a recommendation to buy, sell of hold. We have just highlighted the dividends yield and other details like 52-week highs/lows etc. Investors may please do their own research.