IRFC Dividend History 2024 : The Indian PSU, which is engaged in financial operations of railway- Indian Railway Finance Corporation’s stocks are listed on the Bombay Stock Exchange and National Stock Exchange of India. In this article we will discuss on IRFC’s dividend history. All the details are given below like ex-date, record date, last 5 or 3 years history, etc.
Brief Information about IRFC Limited
Indian Railway Finance Corporation (IRFC) is a government-owned company that helps finance the expansion and operations of Indian Railways. Established on 12 December 1986, IRFC started raising money from the market in 1987–88. The company gathers funds by issuing financial bonds and borrowing from banks and other financial institutions. It plays a key role in supporting the growth of India’s railway infrastructure. In January 2021, IRFC launched its initial public offering (IPO) and became listed on NSE and BSE. The Government of India holds a majority stake, with the Ministry of Railways overseeing its operations.
Dividend history of IRFC Ltd
- Since 17 February 2021, IRFC Ltd. has announced 7 dividends.
- Over the last 12 months, the company has declared an equity dividend of ₹2.20 per share.
- In last year (2023), Indian Railway Finance Corporation has declared dividend 2 times amounting to total of ₹ 1.5 per share.
IRFC Dividend History Last 3 years
Here is the dividend history list of IRFC Limited are given in the table. You can view the details of company’s past 3 years.
| Ex-Date | Record Date | Dividend | Dividend Type |
|---|---|---|---|
| 22 Aug 2024 | 22 Aug 2024 | ₹0.70 | FINAL |
| 10 Nov 2023 | 10 Nov 2023 | ₹0.80 | INTERIM |
| 15 Sep 2023 | 15 Sep 2023 | ₹0.70 | FINAL |
| 17 Nov 2022 | 18 Nov 2022 | ₹0.80 | INTERIM |
| 15 Sep 2022 | 16 Sep 2022 | ₹0.63 | FINAL |
| 10 Nov 2021 | 11 Nov 2021 | ₹0.77 | INTERIM |
| 17 Feb 2021 | 20 Feb 2021 | ₹1.05 | INTERIM |
Also read – ONGC Dividend History Last 10 years, 2024 Record date, Ex-date & Bonuses
Indian Railway Finance Corporation Bonus History
This Company has not announced any bonus since Jan, 2021.
Merit and Demerits of IRFC Ltd.
Every company has some strengths and weaknesses in market aspects. In present, IRFC also has its own set of pros and cons.
- This Company has been maintaining a healthy dividend payout of 30.8%
- The company’s stock is overpriced compared to its assets, it has difficulty covering interest expenses, may be underreporting taxes and interest costs and takes an unusually long time to collect payments from debtors. (for more details visit on screener.in)
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FAQs on IRFC Dividend History
1- Why Companies give dividend ?
Answer : Companies give dividends to distribute a portion of their profits to shareholders as a return on their investment. Dividends are typically paid out regularly, usually quarterly or annually and are one way for companies to reward shareholders for holding their stock.
2- Is IRFC Ltd giving dividends in 2024 ?
Answer : Yes, Indian Railway Finance Corporation has declared dividend 1 time in this year (on 22 Aug 2024), amounting to total of ₹ 0.70 per share.
3- Does Indian Railway Finance Corpn Ltd pay dividends regularly ?
Answer : The IRFC Ltd. has a good dividend track report and has consistently declared dividends for the last 3 years.
Disclaimer : All the information on this website is for educational purposes only, not for trading or advice. The data given here may also differ from the real-time and accuracy. We highly recommend to do your own research before making any investment.
