IIFL Finance Limited provides various financial products and services in India and internationally. It offers home, personal, and gold loans; business loans, including loans against property, medium and small enterprise financing, micro finance, developer and construction finance, real estate finance, and capital market finance; and digital finance. The company also provides wealth and asset management services; and demat account, futures and options, and commodity trading services. It serves retail and corporate customers. The company was formerly known as IIFL Holdings Limited and changed its name to IIFL Finance Limited in May 2019. IIFL Finance Limited was incorporated in 1995 and is based in Mumbai, India.
IIFL Finance Dividend Announcement
• IIFL Finance announced a annually dividend of ₹4.00 per ordinary share which will be made payable on 2024-02-15. Ex dividend date: 2024-01-25
• IIFL Finance annual dividend for 2024 was ₹4.00
• IIFL Finance annual dividend for 2023 was ₹4.00
• IIFL Finance's trailing twelve-month (TTM) dividend yield is 0.92%
• IIFL Finance's dividend growth over the last five years (2018-2023) was -4.36% year
IIFL Finance Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-01-25 | ₹4.00 | annually | 2024-02-15 |
2023-02-07 | ₹4.00 | annually | 2023-02-28 |
2022-02-03 | ₹3.50 | annually | 2022-02-23 |
2021-02-04 | ₹3.00 | annually | 2021-02-20 |
2020-03-19 | ₹2.25 | annually | 2021-03-24 |
2019-02-06 | ₹5.00 | annually | 2019-03-01 |
2018-02-07 | ₹5.00 | annually | 2018-02-09 |
2017-02-02 | ₹4.50 | annually | 2017-02-24 |
2016-02-05 | ₹1.29 | annually | 2016-02-28 |
2014-09-23 | ₹3.00 | annually | 2014-09-29 |
2014-02-03 | ₹3.00 | annually | 2014-02-08 |
2013-02-04 | ₹3.00 | annually | 2013-02-08 |
2012-05-18 | ₹1.50 | annually | 2012-05-23 |
IIFL Finance Dividend per year
IIFL Finance Dividend growth
IIFL Finance Dividend Yield
IIFL Finance current trailing twelve-month (TTM) dividend yield is 0.92%. Interested in purchasing IIFL Finance stock? Use our calculator to estimate your expected dividend yield:
IIFL Finance Financial Ratios
IIFL Finance Dividend FAQ
Other factors to consider when evaluating IIFL Finance 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: IIFL Finance'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, IIFL Finance 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, IIFL Finance 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 IIFL Finance 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: IIFL Finance 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, IIFL Finance distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: IIFL Finance 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 IIFL Finance'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 IIFL Finance'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.