CDSL Dividend History

CDSL Ltd has provided dividends from 23-04-2018 to March 2033. It gave six dividends from April 04, 2018, to March 2033. This article shows CDSL Dividend history and a few essential details about the company.

Let’s see how many CDSL share dividends were given to its shareholders yearly. And let’s see, based on what percentage of CDSL dividends were given to its shareholders.

CDSL Dividend History

CDSL Ltd’s share price dividend in March 2023 was Rs. 16.00, and the dividend percentage was 160%. It was the highest CDSL Ltd dividend out of 6 dividends. Further, on April 29, 2022, the CDSL Ltd share dividend was Rs. 15.00, and the dividend percentage was 150%.

About CDSL

Central Depository Services Ltd is India’s first and largest depository based on the terms of CDSL’s active demat accounts. CDSL Ltd’s current share price is Rs. 1344 (17-09-2023). After analyzing the CDSL share dividend history, we determined it has good dividend records. And CDSL has given dividends consistently for the past six years. For this year, in March 2023, CDSL announced a dividend of Rs.16.00 per share. Based on the current share price, it has a 1.28% dividend yield.

Central Depository Services Ltd is the Indian central securities depository, and its headquarters is located in India, Mumbai. In 1999, CDSL was founded in India. Now, it has 70 million active demat accounts. This seven crore active demat account is a noteworthy milestone achievement from CDSL.

CDSL’s firm commitment to giving good services and revolutionary offerings has guided it toward exponential growth in recent times. As the financial services sector has grown progressively dependent on IT, avant-garde technology forms the active basis of CDSL’s planned design. The significant shareholders in CDSL include BSE, LIC, PPFAS Mutual Fund, Standard Chartered Bank, and Canara Bank.

Since 2022, it has 246 employees. And it has three subsidiary organizations. These are,

CDSL Ventures Limited

CVL, a subsidiary of CDSL, plays a pivotal role in verifying and processing KYC records for the securities market in India. It offers various services, primarily related to Know Your Customer (KYC) procedures, ensuring seamless and compliant securities transactions for investors.

Central Depository Services India Limited

This is the primary entity itself. There may be some confusion or redundancy in naming. CDSL primarily offers electronic storage for financial securities, facilitating smoother and more secure transactions.

CDSL Insurance Repository Limited

Expanding its services beyond just securities, CDSL Insurance Repository Limited focuses on the insurance sector. An insurance repository maintains electronic records of insurance policies, making it easier for policyholders to access, maintain, and manage their policies.

Also Read: ITC Dividend History

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Functions and Importance:

1. Electronic Storage: One of CDSL’s primary roles is to provide electronic storage for securities, making the traditional paper-based system obsolete. This ensures quicker and more secure transactions.
2. Dematerialization: This refers to the process of converting physical shares into an electronic format. CDSL facilitates the dematerialization of securities.
3. Settlement of Trades: CDSL plays a critical role in settling trades executed on the stock exchange. It ensures that securities are correctly transferred from the seller’s account to the buyer’s.
4. Account Maintenance: Investors have Demat accounts through which they can hold and transact in securities. CDSL helps in the maintenance and management of these accounts.
5. Re-materialization: CDSL can convert physical shares into electronic ones, but it can also convert them back into the physical format upon the investor’s request.

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