How many ICICI securities stock to buy for 5000 Rs yearly dividend?

devpress (48)in #blog • last month

To determine how many shares of ICICI Securities stock to buy to receive a yearly dividend of Rs. 5,000, we need to calculate the total dividend per share for the last year and then divide the desired yearly dividend by the dividend per share to find the required number of shares.

Given data:

Current stock price: Rs. 714.75
Desired yearly dividend: Rs. 5,000

Dividend data:

26 Apr 2024: Rs. 17.00 (Interim)
27 Oct 2023: Rs. 12.00 (Interim)
22 Aug 2023: Rs. 9.25 (Final)
31 Oct 2022: Rs. 9.75 (Interim)
18 Aug 2022: Rs. 12.75 (Final)

Step 1: Calculate the total dividend per share for the last year.
Total dividend per share = Sum of all dividends in the given period
Total dividend per share = 17.00 + 12.00 + 9.25 + 9.75 + 12.75 = Rs. 60.75

Step 2: Calculate the number of shares required to receive a yearly dividend of Rs. 5,000.
Number of shares required = Desired yearly dividend / Total dividend per share
Number of shares required = 5,000 / 60.75 ≈ 82.28 shares

Therefore, to receive a yearly dividend of Rs. 5,000 from ICICI Securities stock, you would need to buy approximately 83 shares (rounding up to the nearest whole number) at the current price of Rs. 714.75 per share.

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