IIFL Securities Limited provides capital market services in the primary and secondary markets in India. The company operates through Capital Market Activity, Insurance Broking, facilities and ancillary, and Others segments. It offers retail broking products and services comprising equity, commodities, and currency broking; financial planning, depository participant, mutual funds and bonds, portfolio management, alternate investment funds, and retirement and estate planning services; broking, corporate access, and research support services; investment banking services consisting of initial public offerings, qualified institutional placement, right issues, preferential placement, follow-on public offer, mergers and acquisitions, share buybacks, tender offers, and delisting services; and advisory services for private equity placements and mergers and acquisitions. The company also distributes third-party financial products, such as mutual funds, insurance, portfolio management services, alternate investment funds, fixed deposits, loans, bonds, and pension products. It serves retail and mass affluent investors, domestic and foreign institutional investors, sovereign wealth funds, foreign portfolio investors, mutual funds, insurance companies, banks, pension funds, alternate investment funds, banks, and private equity funds and corporates. The company was formerly known as India Infoline Limited and changed its name to IIFL Securities Limited in February 2018. IIFL Securities Limited was incorporated in 1996 and is based in Mumbai, India.
IIFL Securities Dividend Announcement
• IIFL Securities announced a annually dividend of ₹3.00 per ordinary share which will be made payable on . Ex dividend date: 2024-03-15
• IIFL Securities annual dividend for 2024 was ₹3.00
• IIFL Securities annual dividend for 2023 was ₹3.00
• IIFL Securities's trailing twelve-month (TTM) dividend yield is 0.81%
IIFL Securities Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-15 | ₹3.00 | annually | |
2023-02-03 | ₹3.00 | annually | 2023-02-21 |
2022-02-03 | ₹3.00 | annually | 2022-02-22 |
2021-03-18 | ₹1.00 | annually | 2021-04-09 |
2020-02-13 | ₹2.00 | annually | 2020-03-08 |
IIFL Securities Dividend per year
IIFL Securities Dividend growth
IIFL Securities Dividend Yield
IIFL Securities current trailing twelve-month (TTM) dividend yield is 0.81%. Interested in purchasing IIFL Securities stock? Use our calculator to estimate your expected dividend yield:
IIFL Securities Financial Ratios
IIFL Securities Dividend FAQ
Other factors to consider when evaluating IIFL Securities 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 Securities'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 Securities 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 Securities 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 Securities 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 Securities 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 Securities 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 Securities 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 Securities'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 Securities'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.