On Wednesday, Angel One’s stock price surged nearly 4% as investors eagerly anticipated the company’s upcoming record date for a second interim dividend of ₹11 per share. Scheduled for March 20, 2025, this date is crucial for determining shareholder eligibility for the dividend, which has been officially sanctioned by the company’s Board of Directors.
Exciting Dividend Announcement
In a circular resolution dated March 13, 2025, the Board confirmed the declaration of the 2nd Interim Dividend for the fiscal year 2024-25. Shareholders should take note: the record date for eligibility is set for Thursday, March 20, 2025. The dividend is expected to be disbursed by April 12, 2025, ensuring that all shareholders listed in the Register or recorded as beneficial owners by this date will receive their payments.
Historical Context and Current Trends
According to data from Trendlyne, Angel One has distributed 17 dividends since November 2, 2020. Over the past year, the company has issued a total dividend of ₹11 per share. With the current stock price hovering around ₹2,168.60, this results in a dividend yield of 0.51%, a factor that could influence investment decisions.
Today’s Market Movement
As for today’s trading session, Angel One’s shares opened at ₹2,114.25 on the BSE, reaching an intraday peak of ₹2,177.95 while dipping to a low of ₹2,095.30.
Anshul Jain, the Head of Research at Lakshmishree Investment and Securities, noted that after enduring a 14-week correction of 44.36%, the stock is beginning to show signs of a bullish reversal on the weekly charts. If the stock maintains levels above ₹2,150, a possible rally toward ₹2,300—the falling 50-day EMA—could occur. This resistance level will be critical, and traders should monitor sustained strength above ₹2,150 for potential short-term buying momentum.
Key Takeaways
- Dividend Announcement: ₹11 per share, record date March 20, 2025.
- Payment Date: On or before April 12, 2025.
- Stock Performance: Current price around ₹2,168.60 with a yield of 0.51%.
- Market Analysis: Potential bullish reversal if sustained above ₹2,150.
This development is crucial for investors looking to capitalize on dividends while navigating the stock’s recent volatility. Keep an eye on these important dates and market movements to make informed investment choices.
