IFCI Limited provides non-banking financial services to the public sector in India. The company offers project finance for the power sector, including renewable energy, telecommunications, roads, oil and gas, ports, airports, basic metals, chemicals, pharmaceuticals, electronics, textiles, real estate, smart cities, urban infrastructure, etc. It also provides corporate finance, such as balance sheet funding, loan against shares, lease rental discounting, promoter funding, long-term working capital requirement, capital expenditure, and regular maintenance capex services, as well as short term loans for various businesses that include bridge financing and short-term working capital to small, mid, and large corporates. In addition, the company offers financial/investment appraisal, business reengineering, and advisory services for various corporate houses and companies; and structured debt/mezzanine products, as well as assistance in sponsor financing, acquisition financing, pre-IPO financing, off-balance sheet structured solutions, and others. Further, it provides sales and resolution services for non-performing assets; nodal agency services; and credit enhancement guarantee scheme for scheduled castes, as well as acts as debenture trustee for debenture issues. Additionally, the company offers stock broking, commodities broking, currency trading, portfolio management and depository participant services, merchant banking, insurance corporate agency, mutual fund products distribution, IPO distribution, and corporate advisory services. It provides financial support services for airports, roads, telecom, power, real estate, manufacturing, and services sectors; and other allied industries. The company was formerly known as Industrial Finance Corporation of India and changed its name to IFCI Limited in October 1999. IFCI Limited was founded in 1948 and is headquartered in New Delhi, India.
IFCI Dividend Announcement
• IFCI announced a semi annually dividend of ₹1.00 per ordinary share which will be made payable on 2016-10-28. Ex dividend date: 2016-02-17
• IFCI's trailing twelve-month (TTM) dividend yield is -%
IFCI Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2016-02-17 | ₹1.00 | semi annually | 2016-10-28 |
2015-09-11 | ₹0.50 | semi annually | 2015-10-21 |
2015-03-02 | ₹1.00 | semi annually | 2015-03-27 |
2014-08-13 | ₹1.00 | semi annually | 2014-09-26 |
2013-10-31 | ₹1.00 | semi annually | 2013-12-13 |
2012-07-05 | ₹1.00 | semi annually | 2012-08-17 |
2011-08-30 | ₹1.00 | semi annually | 2011-10-13 |
2010-09-06 | ₹1.00 | semi annually | 2010-10-17 |
2009-09-03 | ₹0.80 | semi annually | 2009-10-17 |
IFCI Dividend per year
IFCI Dividend growth
IFCI Dividend Yield
IFCI current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing IFCI stock? Use our calculator to estimate your expected dividend yield:
IFCI Financial Ratios
IFCI Dividend FAQ
Other factors to consider when evaluating IFCI as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: IFCI's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, IFCI publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, IFCI distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from IFCI are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: IFCI sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, IFCI distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: IFCI declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of IFCI's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review IFCI's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.