HDFC Asset Management Company Limited has informed the Exchange that Board of Directors at its meeting held on April 17, 2025, recommended Final Dividend of Rs. 90 per equity share.
HDFCAMC · price
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On the reaction day the stock moved 0.1 pts less than Nifty 100 and 0.9 pts more than its Asset Management Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of HDFC Asset Management Company met on April 17, 2025 and recommended a Final Dividend of Rs. 90 per equity share for its shareholders. This dividend is subject to approval by shareholders at the upcoming Annual General Meeting. Once approved, it will be paid to shareholders who are on the company's register as of the record date, which will be announced separately. The payout reflects the company's strong cash generation and its commitment to sharing profits with shareholders.
Positive near-term signal for income-seeking shareholders, as the dividend rewards long-term holders. The stock may see minor price adjustment on the ex-dividend date once the record date is announced.