Tourism Finance Corporation of India Limited provides financial assistance to tourism-related activities/projects in India. The company offers rupee term loans, project loans, corporate loans, loans against securities, bridge loans, subscription in equity shares/debentures, etc.; structured solutions to corporate clients; advisory/investment solutions to manage, leverage, and enhance capital structure by various offerings, such as convertible preference shares, mezzanine loans, venture capital debt, convertible bonds, etc.; and structured finance, PE placement, mergers and acquisitions, project and infrastructure finance, debt syndication, and debt restructuring services. It also provides research and consultancy services; financial assistance to greenfield, as well as for expansion, diversification, and modernization projects; and financial assistance for small and medium businesses. Tourism Finance Corporation of India Limited was incorporated in 1989 and is based in New Delhi, India.
Tourism Finance of India Dividend Announcement
• Tourism Finance of India announced a annually dividend of ₹2.50 per ordinary share which will be made payable on 2024-09-13. Ex dividend date: 2024-08-07
• Tourism Finance of India annual dividend for 2024 was ₹2.50
• Tourism Finance of India annual dividend for 2023 was ₹2.40
• Tourism Finance of India's trailing twelve-month (TTM) dividend yield is 1.58%
Tourism Finance of India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-07 | ₹2.50 | annually | 2024-09-13 |
2023-08-11 | ₹2.40 | annually | 2023-09-17 |
2022-09-09 | ₹1.20 | annually | 2022-10-18 |
2021-09-21 | ₹0.80 | annually | 2021-10-28 |
2019-08-01 | ₹2.20 | annually | 2019-09-08 |
2018-08-02 | ₹2.00 | annually | 2018-09-09 |
2017-09-14 | ₹2.00 | annually | 2017-10-25 |
2016-09-15 | ₹0.80 | annually | 2016-10-28 |
2015-12-16 | ₹1.00 | annually | 2016-01-07 |
2015-09-10 | ₹0.80 | annually | 2015-10-21 |
2015-03-23 | ₹1.00 | annually | 2015-04-17 |
2014-09-12 | ₹1.20 | annually | 2014-10-22 |
2013-09-05 | ₹1.20 | annually | 2013-10-12 |
2012-07-12 | ₹1.20 | annually | 2012-08-17 |
Tourism Finance of India Dividend per year
Tourism Finance of India Dividend growth
Tourism Finance of India Dividend Yield
Tourism Finance of India current trailing twelve-month (TTM) dividend yield is 1.58%. Interested in purchasing Tourism Finance of India stock? Use our calculator to estimate your expected dividend yield:
Tourism Finance of India Financial Ratios
Tourism Finance of India Dividend FAQ
Other factors to consider when evaluating Tourism Finance of India 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: Tourism Finance of India'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, Tourism Finance of India 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, Tourism Finance of India 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 Tourism Finance of India 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: Tourism Finance of India 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, Tourism Finance of India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tourism Finance of India 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 Tourism Finance of India'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 Tourism Finance of India'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.