Top Pvt Bank Sets Aug 12 As Record Date For Dividend, Buy For TP Rs 1350: Motilal Oswal

Board Of Directors of ICICI Bank Ltd on June 29 fixed August 12, 2024 as the record date for dividend, if declared at the AGM. Current market price of ICICI Bank share on BSE is Rs 1199.80 per share with intraday fall of 1.60%. ICICI Bank shares offered return of 8.50% in last 2-weeks and gained 19.83% year-to-date. The bank has a market capitalisation of Rs 8,44,201.88 crore. ICICI Bank has a PE of 20.61 and ROE of 17.15. The bank on April 27 recommended a dividend of Rs 10 per equity share of the face value of Rs 2/- each. Motilal Oswal has recommended buy call to ICICI Bank share with target price of Rs 1350 per share. 12.52%. Check key details below:

ICICI Bank Sets Record Date For Dividend: As per the regulatory filing issued as on June 29, 2024, "August 12, 2024, has been fixed as the Record Date for determining the names of Members eligible for dividend on equity shares, if declared at the AGM."

ICICI Bank Dividend: As per the regulatory filing of the bank as on April 27, 2024, "Board recommended a dividend of 10 /- (Rupees Ten only) per equity share of face value of 2/- each."

ICICI Bank Dividend History: ICICI Bank Ltd announced 23 dividends since May 8, 2001. In the past 12 months, ICICI Bank announced an equity dividend amounting to Rs 8.00 per share. At the current share price of Rs 1199.80 per share, ICICI Bank offers a dividend yield of 0.67%.

ICICI Bank To Hold Annual General Meeting On August 30: The exchange filing of the bank confirmed, "the Thirtieth Annual General Meeting (AGM) of the Members of the Bank will be held on Thursday, August 29, 2024, at 3:00 p.m. IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM) facility."

ICICI Bank Share Performance: The 52-week high price of ICICI Bank on BSE is Rs 1,234.90 per share (as on 27/06/2024) and 52-week low price is Rs 898.85 per share (as on 26/10/2023), respectively. ICICI Bank shares gave return 19% in last 6-months, zoomed 28% in last 1-year, and offered attractive return of 69% in last 2-years. In last 5-years, ICICI Bank offered return of 174%.

ICICI Bank Stock Split History: ICICI Bank split the face value once since December 4, 2014. ICICI Bank last split the face value of its shares from Rs 10 to Rs 2 in 2014. The share traded ex-split on December 4, 2014.

ICICI Bank Bonus Share History: ICICI Bank offered 1 bonus since June 20, 2017. The last Bonus that ICICI Bank declared was in the ratio 1:10 with ex-date of June 20, 2017, according to Trendlyne.

About: ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. Until the late 1980s, ICICI primarily focused its activities on project finance, providing long-term funds to a variety of industrial projects, according to its official website.

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