JM Financial Limited provides various integrated and diversified financial services to corporations, financial institutions, high net-worth individuals, and retail customers in India. The company operates through four segments: Investment Bank, Mortgage Lending, Alternative & Distressed Credit, and Asset Management, Wealth Management & Securities Business (Platform AWS). The Investment Bank segment manages capital markets transactions, as well as advises on mergers and acquisitions, and private equity syndication. This segment also engages in institutional equities business and research, private equity funds, fixed income, syndication, and finance. The Mortgage Lending segment provides finance against commercial and residential real estate to a range of corporates and non-corporate clients. This segment also engages in educational institutions lending and housing finance businesses. The Alternative & Distressed Credit segment provides securitization and reconstruction of financial assets and manages alternative credit funds. The Platform AWS segment provides investment advisory and distribution services, which include equity brokerage, wealth management, and capital market lending for wealth management and broking clients, as well as distributes financial products; and manages mutual fund assets through various schemes. JM Financial Limited was founded in 1973 and is headquartered in Mumbai, India.
JM Financial Dividend Announcement
• JM Financial announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-09-05. Ex dividend date: 2024-06-07
• JM Financial annual dividend for 2024 was ₹2.00
• JM Financial annual dividend for 2023 was ₹0.90
• JM Financial's trailing twelve-month (TTM) dividend yield is 1.48%
• JM Financial's dividend growth over the last five years (2018-2023) was -12.94% year
JM Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-07 | ₹2.00 | annually | 2024-09-05 |
2023-05-19 | ₹0.90 | annually | 2023-09-02 |
2022-11-24 | ₹0.90 | annually | 2022-12-14 |
2022-07-07 | ₹1.15 | annually | 2022-09-01 |
2022-02-17 | ₹0.50 | annually | 2022-03-07 |
2021-05-28 | ₹0.50 | annually | 2021-08-27 |
2020-05-15 | ₹0.20 | annually | 2020-08-29 |
2019-05-10 | ₹0.50 | annually | 2019-08-18 |
2019-01-31 | ₹0.50 | annually | 2019-02-22 |
2018-05-10 | ₹1.10 | annually | 2018-08-17 |
2018-01-31 | ₹0.70 | annually | 2018-02-18 |
2017-05-11 | ₹0.85 | annually | 2017-08-23 |
2017-02-02 | ₹0.65 | annually | 2017-02-22 |
2016-05-23 | ₹0.85 | annually | 2016-08-04 |
2016-02-11 | ₹0.60 | annually | 2016-03-04 |
2015-06-08 | ₹0.80 | annually | 2015-08-29 |
2015-02-05 | ₹0.55 | annually | 2015-02-27 |
2014-06-25 | ₹0.55 | annually | 2014-08-02 |
2014-02-07 | ₹0.45 | annually | 2014-02-28 |
2013-07-22 | ₹0.50 | annually | 2013-08-30 |
2013-02-15 | ₹0.40 | annually | 2013-03-09 |
JM Financial Dividend per year
JM Financial Dividend growth
JM Financial Dividend Yield
JM Financial current trailing twelve-month (TTM) dividend yield is 1.48%. Interested in purchasing JM Financial stock? Use our calculator to estimate your expected dividend yield:
JM Financial Financial Ratios
JM Financial Dividend FAQ
Other factors to consider when evaluating JM Financial 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: JM Financial'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, JM Financial 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, JM Financial 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 JM Financial 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: JM Financial 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, JM Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: JM Financial 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 JM Financial'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 JM Financial'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.