Richfield Financial Services Ltd. (India) is a non-banking finance company, which engages in investing activities. It is also involved in interest income profits on sale of bonds, mutual funds, and shares. The company was founded on April 16, 1992 and is headquartered in Kolkata, India.
Richfield Financial Services L Dividend Announcement
• Richfield Financial Services L announced a annually dividend of ₹0.80 per ordinary share which will be made payable on 2024-06-27. Ex dividend date: 2024-06-07
• Richfield Financial Services L annual dividend for 2024 was ₹0.80
• Richfield Financial Services L's trailing twelve-month (TTM) dividend yield is 1.29%
Richfield Financial Services L Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-06-07 | ₹0.80 | annually | 2024-06-27 |
Richfield Financial Services L Dividend per year
Richfield Financial Services L Dividend Yield
Richfield Financial Services L current trailing twelve-month (TTM) dividend yield is 1.29%. Interested in purchasing Richfield Financial Services L stock? Use our calculator to estimate your expected dividend yield:
Richfield Financial Services L Financial Ratios
P/E ratio45.32
PEG ratio1.13
P/B ratio2.86
ROE6.37%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
Richfield Financial Services L Dividend FAQ
Does Richfield Financial Services L stock pay dividends?
Richfield Financial Services L does not currently pay dividends to its shareholders.
Has Richfield Financial Services L ever paid a dividend?
No, Richfield Financial Services L has no a history of paying dividends to its shareholders. Richfield Financial Services L is not known for its dividend payments.
Why doesn't Richfield Financial Services L pay dividends?
There are several potential reasons why Richfield Financial Services L would choose not to pay dividends to their shareholders:
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Richfield Financial Services L ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Richfield Financial Services L has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Richfield Financial Services L a dividend aristocrat?
Richfield Financial Services L is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Richfield Financial Services L a dividend king?
Richfield Financial Services L is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Richfield Financial Services L a dividend stock?
No, Richfield Financial Services L is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Richfield Financial Services L stocks?
To buy Richfield Financial Services L you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.
Place an order: Use the brokerage's trading platform to place an order to buy Richfield Financial Services L stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Richfield Financial Services L stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.