Angel One Adjusts Record Date for Upcoming Dividend – Here’s What You Need to Know

Angel One, a leading stock broking and wealth management company, has announced a revision to the record date for the payment of its second interim dividend for the financial year 2024-25 (FY25). The company disclosed this update on Tuesday, March 11, indicating that the record date for determining the eligibility of shareholders entitled to receive the second interim dividend will now be Friday, March 14, 2025.

This announcement follows a communication made by Angel One to the stock exchanges after market hours on Monday. In that communication, the company stated that its board of directors is scheduled to convene on Thursday, March 13, to consider and approve the payment of a second interim dividend for FY25. The decision to adjust the record date is aimed at aligning with this upcoming board meeting and ensuring clarity for shareholders regarding dividend entitlement.

The record date is a key factor for investors, as it determines which shareholders will be eligible to receive the dividend. Shareholders whose names appear in the company’s records as of the close of business on the record date will qualify for the payment once it is approved by the board. Angel One’s decision to modify the record date ensures that the process remains transparent and consistent with regulatory requirements.

In a recent regulatory filing, Angel One has announced a change to the record date for determining the eligibility of shareholders to receive the second interim dividend for the financial year 2024-25 (FY25). The company stated that the record date has now been moved to Thursday, March 20, 2025. This revision comes after the company had initially set Friday, March 14, 2025, as the record date. However, the Indian stock market will remain closed on March 14 due to a scheduled holiday, prompting the company to adjust the date accordingly.

The record date is an important factor for shareholders, as it determines which investors will be entitled to receive the dividend. Only shareholders whose names are listed in the company’s records as of the close of business on the record date will qualify for the dividend payout, subject to the board’s approval.

Angel One has a consistent track record of rewarding its shareholders through dividends. Earlier in the current financial year, the company had announced a dividend of ₹11 per share. Additionally, since November 2020, the mid-cap stock has declared a total of 16 dividends, reflecting its commitment to returning value to shareholders. The adjustment of the record date ensures that the dividend distribution process remains transparent and in line with market regulations.

Over the past 12 months, Angel One has declared a total dividend of ₹11 per share, resulting in a dividend yield of 0.55%, according to data from Trendlyne. The dividend yield is calculated by dividing the total dividends paid over the year by the company’s current share price, providing investors with an indicator of the return generated through dividends relative to the stock’s value.

Regarding its recent stock performance, Angel One’s share price closed at ₹2,040 per share on the Bombay Stock Exchange (BSE) at the end of the trading session on Tuesday. This reflects a marginal decline of 0.13% compared to the previous session, in line with the overall weakness in the Indian stock market. Market fluctuations and broader economic conditions often influence stock performance, and the slight dip in Angel One’s share price mirrors the broader market trend observed during the session.

Angel One’s stock has been trading near its 52-week low, reflecting the recent downward trend in its market performance. The stock reached its 52-week low of ₹1,944.15 on March 4, 2025, highlighting a challenging period for the company’s share price. Despite some fluctuations, the stock has struggled to recover from this low point.

In addition, the stock has experienced a significant decline from its 52-week high of ₹3,502.60, which was recorded in December 2024. This represents a sharp drop of approximately 42% from its peak, indicating substantial volatility over the past few months. The decline underscores the broader market pressures and company-specific factors that have influenced Angel One’s stock performance during this period.

Angel One’s share price has faced considerable pressure over the past year, reflecting a downward trend in its market performance. According to data from Trendlyne, the stock has declined by approximately 27% over the past 12 months, indicating a significant loss in value over the course of the year.

The downward trend has been particularly pronounced in the more recent periods. Over the past six months, Angel One’s share price has dropped by 18.5%, suggesting that the stock has encountered persistent challenges during the second half of the year. The decline has accelerated even further in the short term, with the stock losing around 15% in just the past month. This sharp monthly decline reflects increased selling pressure and heightened market volatility affecting the stock’s performance.