Poonawalla Fincorp Limited, a non-banking financial company, provides asset finance services in India. It offers loans for CA, CS, doctors, salaried and government employees, home renovation, wedding, travel, and medical emergency; business loans for working capital, MSME, proprietorship, and women; cars, medical equipment, and home loans; loan against property; and auto leasing services. The company also provides insurance products. It operates a network of 242 branches. The company was formerly known as Magma Fincorp Limited and changed its name to Poonawalla Fincorp Limited in July 2021. Poonawalla Fincorp Limited was incorporated in 1978 and is based in Pune, India. Poonawalla Fincorp Limited is a subsidiary of Rising Sun Holdings Pvt Ltd.
Poonawalla Fincorp Dividend Announcement
• Poonawalla Fincorp announced a annually dividend of ₹2.00 per ordinary share which will be made payable on 2024-02-17. Ex dividend date: 2024-01-31
• Poonawalla Fincorp annual dividend for 2024 was ₹2.00
• Poonawalla Fincorp annual dividend for 2023 was ₹2.00
• Poonawalla Fincorp's trailing twelve-month (TTM) dividend yield is 0.56%
Poonawalla Fincorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-01-31 | ₹2.00 | annually | 2024-02-17 |
2023-07-18 | ₹2.00 | annually | 2023-08-24 |
2022-07-21 | ₹0.40 | annually | 2022-08-28 |
2019-07-24 | ₹0.80 | annually | 2019-08-30 |
2018-07-25 | ₹0.80 | annually | 2018-08-30 |
2017-07-25 | ₹0.80 | annually | 2017-09-01 |
2016-07-27 | ₹0.80 | annually | |
2015-07-23 | ₹0.80 | annually | |
2014-07-23 | ₹0.80 | annually | |
2013-07-10 | ₹0.80 | annually | |
2012-07-04 | ₹0.60 | annually | |
2011-06-13 | ₹0.60 | annually |
Poonawalla Fincorp Dividend per year
Poonawalla Fincorp Dividend growth
Poonawalla Fincorp Dividend Yield
Poonawalla Fincorp current trailing twelve-month (TTM) dividend yield is 0.56%. Interested in purchasing Poonawalla Fincorp stock? Use our calculator to estimate your expected dividend yield:
Poonawalla Fincorp Financial Ratios
Poonawalla Fincorp Dividend FAQ
Other factors to consider when evaluating Poonawalla Fincorp 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: Poonawalla Fincorp'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, Poonawalla Fincorp 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, Poonawalla Fincorp 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 Poonawalla Fincorp 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: Poonawalla Fincorp 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, Poonawalla Fincorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Poonawalla Fincorp 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 Poonawalla Fincorp'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 Poonawalla Fincorp'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.