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CreditAccess Grameen Limited, a non-banking financial company, provides micro finance services for women from poor and low income households in India. The company offers microcredit loans for income generation, home improvement, emergency, family welfare, and Grameen Suraksha, as well as life insurance and national pension scheme. It also provides retail finance loans, such as Grameen Unnati, Grameen Udyog, Grameen Savaari, Grameen Vikas, Grameen Suvidha, and Grameen Swarna. As of March 31, 2022, the company operated 1,635 branches. The company was formerly known as Grameen Koota Financial Services Private Limited and changed its name to CreditAccess Grameen Limited in January 2018. CreditAccess Grameen Limited was incorporated in 1991 and is headquartered in Bengaluru, India. CreditAccess Grameen Limited is a subsidiary of CreditAccess India NV.

CreditAccess Grameen Dividend Announcement

• CreditAccess Grameen announced a annually dividend of ₹10.00 per ordinary share which will be made payable on 2024-09-11. Ex dividend date: 2024-07-26
• CreditAccess Grameen annual dividend for 2024 was ₹10.00
• CreditAccess Grameen's trailing twelve-month (TTM) dividend yield is 1.08%

CreditAccess Grameen Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-26₹10.00annually2024-09-11

CreditAccess Grameen Dividend per year

CreditAccess Grameen Dividend Yield

CreditAccess Grameen current trailing twelve-month (TTM) dividend yield is 1.08%. Interested in purchasing CreditAccess Grameen stock? Use our calculator to estimate your expected dividend yield:

CreditAccess Grameen Financial Ratios

P/E ratio11.11
PEG ratio-1.09
P/B ratio2.12
ROE20.29%
Payout ratio0.00%
Current ratio87.72
Quick ratio87.72
Cash Ratio1.88

CreditAccess Grameen Dividend FAQ

Does CreditAccess Grameen stock pay dividends?
CreditAccess Grameen does not currently pay dividends to its shareholders.
Has CreditAccess Grameen ever paid a dividend?
No, CreditAccess Grameen has no a history of paying dividends to its shareholders. CreditAccess Grameen is not known for its dividend payments.
Why doesn't CreditAccess Grameen pay dividends?
There are several potential reasons why CreditAccess Grameen would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will CreditAccess Grameen ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While CreditAccess Grameen has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is CreditAccess Grameen a dividend aristocrat?
CreditAccess Grameen is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is CreditAccess Grameen a dividend king?
CreditAccess Grameen is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is CreditAccess Grameen a dividend stock?
No, CreditAccess Grameen is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy CreditAccess Grameen stocks?
To buy CreditAccess Grameen you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy CreditAccess Grameen stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.