A mid-size firm with a market valuation of Rs. 8,106.44 crore, UTI Asset Administration Firm Ltd. operates within the monetary providers business. The Board of Administrators of the corporate proposed a last dividend of Rs. 21 per fairness share for the FY 2021–2022 at its assembly held on April 26, 2022, topic to the approval of the shareholders on the nineteenth Annual Normal Assembly, which will probably be performed on Monday, July 25, 2022. As the corporate has introduced an fairness dividend of 210.00 per cent, or ₹21, for the fiscal yr ending March 2022 and on the present share value of ₹640, this equates to a dividend yield of three.28 per cent.
Fixing file date for the aim of dividend, the corporate has stated in its trade submitting that “Pursuant to Part 91 of the Act and Regulation 42 of the Itemizing Laws, the register of members and share switch books of the Firm will probably be closed from Tuesday, the nineteenth July, 2022 to Monday, the twenty fifth July, 2022 (each days inclusive) as guide closure interval for figuring out the entitlement of ultimate dividend for the FY 2021-22, if declared, to the members. The ultimate dividend shall be paid, topic to the approval of members on the nineteenth AGM to be held on Monday, the twenty fifth July, 2022, to these fairness shareholders whose title seems as helpful house owners as on the finish of enterprise hours on Monday, the 18th July, 2022 within the record of helpful house owners to be furnished by Depositories viz. Nationwide Securities Depository Restricted (NSDL) and the Central Depository Companies (India) Restricted (CDSL) in respect of the shares held in digital type; and whose title seems as members within the Firm’s register of members on Monday, the 18th July, 2022.”
The inventory dropped 0.91 per cent from its earlier value of ₹645.90 and settled at ₹640 on the NSE on Friday. The inventory has fallen 24.09 per cent prior to now yr, and it has declined 40.38 per cent to date in 2022 on a year-to-date (YTD) foundation. The inventory has plummeted 2.77 per cent over the previous month and a pair of.71 per cent in the course of the previous 5 buying and selling days. UTI Asset Administration Firm shares on the NSE reached a 52-week excessive of ₹1,216.20 on September 8, 2021, and a 52-week low of ₹595.00 on June 17, 2022 indicating that on the present degree of ₹640 the inventory is buying and selling 47.37% under the 52-week-high and seven.56% above the 52-week-low. UTI AMC is buying and selling under the 5-day, 20-day, 50-day, 100-day, and 200-day transferring averages in keeping with the final traded value. The corporate is nearly debt-free, and the inventory is promoting 2.85 instances over its guide worth at its present value of ₹223.69 per share.
Supply: Live Mint