Life Insurance Corporation of India (LIC) has announced June 24, 2026, as the last opportunity for investors to purchase its shares and qualify for the proposed final dividend of ₹10 per equity share. The insurer has set June 25, 2026, as the record date for this payout.
This deadline is crucial due to the Securities and Exchange Board of India's (SEBI) T+1 settlement cycle, which mandates that shares must be credited to an investor's demat account at least one trading day before the record date. Therefore, buying shares on June 24 ensures timely settlement for eligibility.
Dividend Details and Shareholder Approval
LIC's board has recommended a final dividend of ₹10 for the financial year 2025-26 (FY26) on each equity share with a face value of ₹10. This proposed dividend is contingent on approval from shareholders at the company's fifth Annual General Meeting (AGM), scheduled for July 27, 2026. In the preceding financial year, LIC had distributed a dividend of ₹12 per share.
Recent Financial Performance and Bonus Issue
Earlier in May of the current year, LIC shares traded ex-date for the company's inaugural bonus issue. The insurer issued bonus shares in a 1:1 ratio, meaning one bonus share was granted for every existing share held by shareholders.
For the quarter ending March 31, 2026, LIC reported robust financial results. Its net profit surged by 23% year-on-year (YoY) to ₹23,467 crore. Net premium income also saw a significant rise, increasing by 12% YoY to ₹1.65 lakh crore. Investment income contributed substantially, growing by 17% YoY to ₹1.09 lakh crore during the same period.
Brokerage Outlook on LIC Shares
Leading brokerages have maintained a positive outlook on LIC. Emkay Global assigned a 'Buy' rating to the stock, projecting a 15-16% increase in Value of New Business (VNB) over FY27-28E. This forecast is based on anticipated consolidation in LIC's product mix and management's focus on expanding absolute VNB, leading to raised APE estimates by 4-5% and VNB margin estimates by 200-240 basis points.
Similarly, ICICI Securities also issued a 'Buy' rating, highlighting the achievability of a product mix-driven rise in VNB margin, evidenced by LIC's 42% VNB growth in FY26. The brokerage noted management's confidence in growth across both participating and non-participating segments, along with expectations for improved persistence ratios and gradual margin expansion through internal strategies.
On Wednesday afternoon, LIC shares were observed trading 0.82% lower at ₹436.75. Despite this intraday movement, the stock has posted a 2.43% gain year-to-date (YTD).