LIC Share Price on Ex-Dividend Day: Rs 10 Payout Adjusts Stock Down 2.3%, Holds Above Theoretical Ex-Div Price
- June 25, 2026
- Posted by: Ankit Jaiswal
- Category: News
LIC share price today: Rs 424.15. Ex-dividend record date today. Rs 10 final dividend (FY26). Adjusted from Rs 426.60 (theoretical ex-div price ~Rs 416.60). Q4 PAT Rs 23,420 Cr (+23%). AGM: recently.
The LIC share price is trading at Rs 424.15 today, down 0.57% from the previous close of Rs 426.60, as the company’s shares trade ex-dividend for the Rs 10 per share final dividend declared for the recently concluded financial year. The record date is today: investors who held LIC shares as of the close of yesterday’s trading session are eligible for the dividend, while those who purchase shares today or later will not receive the payout. Ankit Jaiswal, Senior Research Analyst at Univest explains the mechanics of the ex-dividend adjustment, the LIC share price’s relationship to the adjusted reference price, and what the broader corporate action picture , including the 1:1 bonus issue completed recently , means for shareholders.
On an ex-dividend day, stock exchanges theoretically adjust the reference price downward by the dividend amount. For the LIC share price, the theoretical ex-dividend adjustment from the previous close of Rs 426.60 is approximately Rs 10, putting the adjusted reference price at approximately Rs 416.60. The current LIC share price of Rs 424.15 is approximately Rs 7.55 above this adjusted reference price, suggesting that market participants are buying the dip created by the ex-dividend adjustment , a positive signal for the stock. The LIC share price opened at Rs 423.00 and touched an intraday high of Rs 429.85 before settling near current levels, indicating active two-way trading on the ex-dividend record date.
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LIC Share Price: Ex-Dividend Mechanics
| Parameter | Detail |
|---|---|
| LIC Share Price (Current) | Rs 424.15 (NSE) |
| Previous Close | Rs 426.60 (unadjusted) |
| Final Dividend (FY26) | Rs 10 per equity share (face value Rs 10) |
| Record Date | Today |
| Theoretical Ex-Div Price | ~Rs 416.60 (Rs 426.60 minus Rs 10) |
| LIC Share Price vs Adjusted | ~Rs 7.55 above theoretical ex-div price , buying interest |
| Intraday Range | Rs 421.65 (low) to Rs 429.85 (high) |
| Equivalent Pre-Bonus Payout | Rs 20 per share (before recently26 1:1 bonus issue) |
| Last Year’s Dividend | Rs 12 per share (pre-bonus FY25 basis) |
| AGM Date | recently (dividend subject to shareholder approval) |
| Q4 FY26 PAT | Rs 23,420 crore (+23.2% year-on-year) |
| TDS on Dividend | 10% if total dividend income exceeds Rs 5,000 in the year |
LIC Share Price and the Bonus Issue Context
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The LIC share price ex-dividend adjustment must be understood in the context of a significant recent corporate action: LIC completed its first-ever bonus share issue in a 1:1 ratio, granting one bonus share for every share held as of the recently26 record date. This means the number of LIC shares in the market doubled. The Rs 10 dividend announced for this year is on a post-bonus basis (i.e., Rs 10 per new share including bonus shares), which is equivalent to Rs 20 per pre-bonus share. LIC paid Rs 12 per share in the previous financial year on a pre-bonus basis, making the effective Rs 20 post-bonus equivalent a significant increase in absolute payout. This LIC share price context is important for investors calculating dividend yield: at the current LIC share price of Rs 424.15, the Rs 10 dividend represents a yield of approximately 2.36%.
The fundamental underpinning of the LIC share price remains solid. For the recently26 quarter, LIC reported consolidated net profit of Rs 23,420 crore, up approximately 23.2% year-on-year from Rs 19,013 crore. Net premium income for the quarter rose approximately 11.6% to Rs 1.7 lakh crore. Assets under management reached Rs 57.29 lakh crore as of recently26, up approximately 5% year-on-year. The Value of New Business (VNB) grew approximately 42% in the recently concluded year. Multiple brokerages maintain Buy ratings on the LIC share price, with ICICI Securities and Emkay Global both expressing confidence in the product mix improvement and VNB margin expansion trajectory. The LIC share price today also carries the additional headwind of CFO Sunil Agrawal’s resignation (covered in a separate article), though the stock is holding above the adjusted reference price on both counts.
Conclusion: LIC Share Price on Ex-Dividend Day
The LIC share price at Rs 424.15 today is navigating its ex-dividend day with the Rs 10 final dividend creating a theoretical downward adjustment that the market has partially absorbed through buying interest. The LIC share price is approximately Rs 7.55 above the theoretical ex-dividend adjusted price, a mild positive. The Rs 10 dividend (equivalent to Rs 20 pre-bonus) subject to shareholder approval at the recently AGM, combined with Q4 FY26 PAT of Rs 23,420 crore and a 42% VNB growth, gives the LIC share price fundamental support beyond the technical ex-dividend adjustment. Track the LIC share price live on Univest. Consult a SEBI-registered financial advisor before investing.
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Disclaimer: This article is for educational and informational purposes only. Stock price data sourced from NSE/BSE. News sourced from exchange filings and public disclosures. This does not constitute investment advice. Investments in securities are subject to market risk. Consult a SEBI-registered financial advisor before investing. Univest (Uniresearch Global Pvt Ltd, SEBI RA INH000013776).
Frequently Asked Questions
Why is LIC share price falling today?
Ans. The LIC share price is down today primarily because today is the ex-dividend record date for the Rs 10 final dividend. When a stock goes ex-dividend, exchanges adjust the reference price downward by the dividend amount. From the previous close of Rs 426.60, the theoretical adjusted price is approximately Rs 416.60. The LIC share price at Rs 424.15 is actually above this adjusted price, meaning buying interest has partially offset the ex-dividend adjustment. There is also a secondary pressure from CFO Sunil Agrawal’s resignation disclosed recently.
What is LIC’s dividend per share this year?
Ans. LIC declared a final dividend of Rs 10 per equity share (face value Rs 10 each) for the recently concluded financial year. The record date is today. This dividend is subject to shareholder approval at the 5th AGM scheduled for recently. On a pre-bonus basis (before LIC’s 1:1 bonus issue in May), the effective payout is equivalent to Rs 20 per share, higher than last year’s Rs 12 per share on a pre-bonus basis.
Who is eligible for LIC Rs 10 dividend?
Ans. Investors who held LIC shares as of the close of yesterday’s trading session (the day before the record date) are eligible for the Rs 10 final dividend. Under India’s T+1 settlement cycle, shares purchased yesterday are credited to demat accounts today, qualifying those buyers. Investors who purchased shares on or after the record date (today) will not receive the dividend payout.
What is the LIC share price ex-dividend adjusted price?
Ans. The theoretical ex-dividend adjusted price for the LIC share price is approximately Rs 416.60, calculated by subtracting the Rs 10 dividend from the previous close of Rs 426.60. The current LIC share price of Rs 424.15 is approximately Rs 7.55 above this adjusted reference price, indicating buying interest that has partially covered the dividend adjustment.
What was LIC’s Q4 FY26 profit?
Ans. LIC reported consolidated net profit of Rs 23,420 crore for Q4 of the recently concluded financial year, up approximately 23.2% year-on-year from Rs 19,013 crore. Net premium income rose approximately 11.6% to Rs 1.7 lakh crore during the quarter. Assets under Management reached Rs 57.29 lakh crore, up approximately 5% year-on-year. Value of New Business grew approximately 42% for the full year.
What was LIC’s bonus issue?
Ans. LIC completed its first-ever bonus share issue in a 1:1 ratio recently, granting one bonus share for every existing equity share held by shareholders as of the recently26 record date. This doubled the number of LIC shares in the market. The Rs 10 dividend declared for this year is on a post-bonus basis, equivalent to Rs 20 per pre-bonus share, compared to Rs 12 per share in the previous year on a pre-bonus basis.
What is the dividend yield on LIC share price?
Ans. At the current LIC share price of Rs 424.15, the Rs 10 final dividend represents a dividend yield of approximately 2.36% (Rs 10 / Rs 424.15 x 100). This calculation is based on the post-bonus share count. The dividend is subject to TDS at 10% for investors whose total dividend receipts exceed Rs 5,000 in the financial year, and is subject to AGM approval at the recently meeting.
Is LIC share price a good buy on ex-dividend day?
Ans. LIC share price on ex-dividend day can be an opportunity for investors who missed the dividend eligibility window but want to own the stock for fundamental reasons. The stock’s strong Q4 profit growth, VNB expansion, and market leadership in Indian life insurance (66%+ market share) remain intact. Multiple brokerages including ICICI Securities and Emkay Global maintain Buy ratings. The CFO transition (Sunil Agrawal’s exit effective recently) adds short-term management continuity uncertainty. Consult a SEBI-registered financial advisor before investing.
