IRFC
Indian Railway Finance Corporation Ltd
₹75.10
Indian Railway Finance Corporation Ltd Dividend 2023 : Should Indian Railway Finance Corporation Ltd be a part of your dividend portfolio?
Indian Railway Finance Corporation Ltd is one of the most popular Financial Services company in the world with a market capitalisation of ₹98,183.69Cr. Its share price is ₹75.10 as on 25 September,2023.
The dividend is a percentage of earnings paid out to shareholders. Last year, Indian Railway Finance Corporation Ltd gave ₹1.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Financial Services stocks do not always pay a dividend but as Indian Railway Finance Corporation Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2023, Indian Railway Finance Corporation Ltd has declared dividend of ₹0.70 - translating a dividend yield of 2%.
Let's look at Indian Railway Finance Corporation Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Indian Railway Finance Corporation Ltd’s revenue were ₹6,681.03Cr in the quarter ending June 2023. The revenue grew by 18.72% year on year basis since last quarter.
- Indian Railway Finance Corporation Ltd’s profits were ₹1,556.57Cr in the quarter ending June 2023. The profits fell by -6.32% year on year basis since last quarter.
- Indian Railway Finance Corporation Ltd’s dividend was ₹0.70 in the quarter ending March 2023.
Indian Railway Finance Corporation Ltd Dividend related ratios:
- Last dividend date: 25/05/2023
- Current Dividend Yield: 2%
- Annual dividend payment: ₹1.50
History of Indian Railway Finance Corporation Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
15/09/2023 | CASH | ₹0.70 | 25/05/2023 | 15/09/2023 |
17/11/2022 | CASH | ₹0.80 | 10/11/2022 | 18/11/2022 |
15/09/2022 | CASH | ₹0.63 | 20/05/2022 | 16/09/2022 |
10/11/2021 | CASH | ₹0.77 | 01/11/2021 | 11/11/2021 |
17/02/2021 | CASH | ₹1.05 | 13/02/2021 | 20/02/2021 |
