There will be a lottery for investors! ICICI Bank announces record date of bumper dividend, know when the money will come to your account. A windfall awaits investors! ICICI Bank has announced the record date for a bumper dividend; find out when the money will be credited to your account.

A very good news is coming for the shareholders of private sector giant ICICI Bank. The bank management has officially announced a record date for the payment of dividend, giving its investors an opportunity to earn huge profits. After this decision, the hustle and bustle in Dalal Street and banking sector has intensified. If you are also an existing shareholder of ICICI Bank or are planning to invest in the stock of this best private bank, then this news is directly related to your pocket.

What is record debt and how will investors benefit from it?

According to stock market rules, record date is the important date on the basis of which the company decides which investors are entitled to receive the dividend. Only those investors who have ICICI Bank shares in their demat account till this due date will get the direct benefit of the dividend declared by the bank. This dividend has been approved by the management after the bank’s excellent quarterly results and strong net profit, which is going to be an excellent source of passive income (additional income) for investors.

What is the earning opportunity and right strategy for new investors?

After this big announcement, the question in the minds of new investors is whether they should enter the stock at this time. Top market experts believe that given the strong fundamentals, excellent asset quality and continuously improving loan growth of ICICI Bank, this stock is very safe for the long term. New investors can take full advantage of this handsome dividend by purchasing these shares at least two working days before the record date (before the ex-dividend date). Along with this, due to this news, a rise in share prices may also be seen in the coming days.

Strong performance of ICICI Bank domestically and globally

This Mumbai headquartered banking giant has made its strong hold not only in big metros but also in small towns and rural areas of the country. Due to digital banking and excellent customer service at the local level, the bank is continuously registering a record increase in its profits. This is the reason why along with domestic investors, foreign institutional investors (FIIs) are also continuously expressing confidence in this stock. According to experts, this announcement of dividend will further strengthen the confidence of retail investors in banking stocks.