Shriram Finance Limited, a non-banking finance company, primarily provides commercial vehicle financing services in India. It offers commercial vehicle loans for commercial goods vehicles, passenger vehicles, tractors and farm equipment, and construction equipment. The company also provides business loans; fixed and recurring deposits; and working capital loans, including tyre, tax, fuel, and toll finance, as well as vehicle insurance and repair/top-up loans. In addition, it offers challan discounting services; life and general insurance products; consumer finance services; emergency credit line guarantee schemes; stock broking services; and chit and mutual funds. As of March 31, 2022, it operated a network of 1,854 branches. The company also offers its products through 775 rural centers; and partnerships with 500 private financiers. It primarily serves first time buyers, driver-turned-owners, and small road transport operators. The company was formerly known as Shriram Transport Finance Company Limited and changed its name to Shriram Finance Limited in November 2022. Shriram Finance Limited was incorporated in 1979 and is headquartered in Mumbai, India.
Shriram Finance Dividend Announcement
• Shriram Finance announced a quarterly dividend of ₹22.00 per ordinary share which will be made payable on 2024-11-24. Ex dividend date: 2024-11-07
• Shriram Finance annual dividend for 2024 was ₹47.00
• Shriram Finance annual dividend for 2023 was ₹55.00
• Shriram Finance's trailing twelve-month (TTM) dividend yield is 1.43%
• Shriram Finance's dividend growth over the last five years (2018-2023) was 38.69% year
• Shriram Finance's dividend growth over the last ten years (2013-2023) was 23.21% year
Shriram Finance Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-07 | ₹22.00 | quarterly | 2024-11-24 |
2024-07-23 | ₹15.00 | quarterly | 2024-08-28 |
2024-02-06 | ₹10.00 | quarterly | 2024-02-17 |
2023-11-06 | ₹20.00 | quarterly | 2023-11-25 |
2023-06-16 | ₹20.00 | quarterly | 2023-07-22 |
2023-01-03 | ₹15.00 | quarterly | 2023-01-13 |
2022-03-11 | ₹12.00 | quarterly | 2022-04-04 |
2021-11-09 | ₹8.00 | quarterly | 2021-11-28 |
2021-06-16 | ₹6.00 | quarterly | 2021-07-24 |
2021-04-05 | ₹6.00 | quarterly | 2021-04-16 |
2020-11-09 | ₹6.00 | quarterly | 2020-11-26 |
2019-11-07 | ₹4.87 | quarterly | 2019-11-19 |
2019-06-19 | ₹6.82 | quarterly | 2019-07-27 |
2018-11-05 | ₹4.87 | quarterly | 2018-11-16 |
2018-07-18 | ₹5.85 | quarterly | 2018-08-25 |
2017-11-10 | ₹4.87 | quarterly | 2017-12-01 |
2017-06-21 | ₹5.85 | quarterly | 2017-07-29 |
2016-11-03 | ₹3.90 | quarterly | |
2016-07-18 | ₹5.85 | quarterly | |
2015-11-05 | ₹3.90 | quarterly | |
2015-07-22 | ₹5.85 | quarterly | |
2014-10-30 | ₹3.90 | quarterly | |
2014-06-25 | ₹3.90 | quarterly | |
2013-11-13 | ₹2.92 | quarterly | |
2013-06-21 | ₹3.90 | quarterly |
Shriram Finance Dividend per year
Shriram Finance Dividend growth
Shriram Finance Dividend Yield
Shriram Finance current trailing twelve-month (TTM) dividend yield is 1.43%. Interested in purchasing Shriram Finance stock? Use our calculator to estimate your expected dividend yield:
Shriram Finance Financial Ratios
Shriram Finance Dividend FAQ
Other factors to consider when evaluating Shriram 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: Shriram 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, Shriram 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, Shriram 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 Shriram 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: Shriram 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, Shriram 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: Shriram 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 Shriram 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 Shriram 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.