LKP Finance Board to Declare Interim Dividend Following 55% Rally in Six Months

LKP Finance, a dividend-paying stock, has been making waves in the stock market with its shares touching circuits consistently. However, the focus is now on the upcoming board meeting scheduled for April 26, 2024. The small-cap financial company will be discussing and approving the financial results for the quarter ending March 2024. Additionally, there will be a proposal for the payment of an interim dividend for the fourth financial year of FY24.

This announcement has sparked interest among investors as LKP Finance has a history of rewarding its shareholders with dividends. In fact, the company had previously traded ex-dividend on November 10, 2023, for a payment of ₹3 per share dividend to eligible shareholders.

The company has also informed the stock market exchanges about the closure of the trading window until April 29, 2024, in connection with the declaration of the financial results. This move is in line with the company’s Code of Conduct for Regulating, Monitoring, and Reporting of Trading by Designated Persons.

Despite a recent decline in its year-to-date performance, LKP Finance has shown significant growth in the past six months, with a nearly 55 percent rise in its stock price. Investors are eagerly awaiting the outcome of the board meeting and the potential announcement of a second interim dividend for FY24.