Dividend Stock: Angel One share price was in focus on Thursday as the company announced its Q4 results after stock market trading hours on Wednesday, along with a dividend of ₹26 per equity share.
Following the Q4 results announcement, Angel One share price declined over 6% in intraday trade amid a drop in Q4 profit. Angel One share price opened on a gap-down note, falling 6.47% to ₹2,200 against its previous close of ₹2,352.30.
However, the stock recouped some losses and was down 3.9% at ₹2,260.40 on the BSE around 10.20 am.
The board of Angel One at its meeting on April 16 announced the final dividend of ₹26/- per equity share for the financial year 2024-25. The dividend, as per Angel One, if approved by the members of the Company at the ensuing Annual General Meeting ("AGM"), will be paid to eligible investors within 30 days from the date of AGM.
Angel One has had a history of rewarding investors with a good dividend yield. The company earlier had announced an interim dividend of ₹11, the record date for identifying eligible shareholders for receiving the dividend stood at March 20.
Prior to this, Angle One had declared an interim dividend of ₹11 per equity share. For this, the record date stood at January 21, 2025.
The dividend yield is a financial metric that shows how much a company pays out in dividends each year in comparison to the price of its stock. A decent dividend yield is defined as 3-5% or more.
However, the market's condition also matters. The dividend yield is one of the most important factors that investors consider when buying dividend-paying stocks.
Meanwhile, Angel One Q4 FY25 net profit came in at ₹174.5 crore, marking a de-growth of 38.0% on a sequential basis compared to ₹28.15 crore recorded in Q3 FY25. The markets have remained under pressure with a steep correction following unfavourable global cues, stretched valuations and FPI selling.
As per the company release, the consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹264.3 crore in Q4 FY25 compared to ₹414 crore in Q3 FY25, recording a de-growth of 36.2% on a sequential basis.
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