Have you been eagerly waiting for the IRFC share dividend record date for 2023? Look no further, as we bring you all the essential information regarding the IRFC dividend announcement and record date. As an investor, it’s crucial to stay informed about the dividend dates to plan your financial strategies effectively. In this article, we will explore the details of IRFC’s dividend for the year 2023, along with additional information about the company’s dividend history, financial performance, Next Dividend Date, and more.
IRFC Share Dividend Announcement 2023 News
IRFC, or Indian Railway Finance Corporation, has recently recommended a final dividend of 7% per equity share for the financial year 2022-23. This announcement reflects the company’s commitment to providing returns to its shareholders. However, the dividend is subject to approval by the shareholders at the Annual General Meeting (AGM).
To understand the dividend calculation, it’s important to consider the face value of each share, which in the case of IRFC is Rs 10. Based on this, the 7% dividend translates into Rs 0.70 per share. If approved, IRFC will pay Rs 0.70 dividend per share to its investors.
Now, let’s explore the dividend history of IRFC. In addition to the final dividend recommendation for 2022-23, IRFC distributed an interim dividend of Rs 0.80 per equity share in November 2022. When combined, the total dividend for the financial year 2022-23 amounts to Rs 1.50 per share. This showcases the company’s consistent approach to providing returns to its shareholders.
IRFC Dividend Calculation
To understand how the dividend is calculated, we need to consider the face value of each share. In the case of IRFC, the face value of a share is Rs 10. Based on this, the 7% dividend translates to Rs 0.70 per share. This means that IRFC will pay Rs 0.70 dividend per share to its investors if the recommendation is approved.
IRFC Share Dividend Record Date 2023 and Next Dividend Date
While the specific record date for the dividend in 2023 has not been disclosed, it’s important to stay updated on the announcements made by IRFC. The record date is crucial as it determines the eligibility of shareholders to receive the dividend payment. By monitoring the company’s official communications, you can ensure that you don’t miss out on any important information regarding the record date and the upcoming dividend.
|Announcement Date||Record Date||Ex-Dividend Date||Dividend Value||Dividend Description|
|25-May-2023||N/A||N/A||Rs 0.70||Final Dividend: Rs 0.70 per share (7%)|
|31-Oct-2022||18-Nov-2022||17-Nov-2022||Rs 0.80||Interim Dividend (RD Revised): Rs 0.80 per share (8%)|
|20-May-2022||16-Sep-2022||15-Sep-2022||Rs 0.63||Final Dividend: Rs 0.63 per share (6.3%)|
|20-Oct-2021||11-Nov-2021||10-Nov-2021||Rs 0.77||Interim Dividend: Rs 0.77 per share (7.7%)|
Furthermore, as an investor, you might be interested in knowing the next dividend date. While this information is not explicitly mentioned, it is generally within 30 days from the date of the Annual General Meeting (AGM). Hence, it is important to keep track of the AGM date to estimate the dividend credit date.
IRFC Dividend Credit Date and Payment Process
Once the dividend is approved, the next important aspect is the dividend credit date and the payment process. According to the filing, the final dividend of Rs 0.70 per share for the financial year 2022-23 will be paid to the shareholders within 30 days from the date of the Annual General Meeting (AGM). This ensures that eligible shareholders receive their dividend in a timely manner.
It’s worth noting that the dividend amount is credited directly into the bank accounts of eligible shareholders linked to their Demat accounts. This streamlined process makes it convenient for investors to receive their dividend payments efficiently.
IRFC Dividend, Bonus History and Yield
Now that we have covered the dividend for 2023, let’s take a glimpse into IRFC’s dividend history and dividend yield. The dividend yield is a crucial metric that indicates the percentage return on investment from dividends. Currently, IRFC’s dividend yield stands at 4.22%.
In addition to the final dividend of 7% recommended for 2022-23, IRFC also distributed an interim dividend of Rs 0.80 per equity share in November 2022. When combined, the total dividend for the financial year 2022-23 amounts to Rs 1.50 per share. This signifies the company’s commitment to providing returns to its shareholders.
To provide a broader perspective, let’s look back at IRFC’s dividend distribution in the past. In September 2022, the company paid a dividend of Rs 0.63 per share. Moving to 2021, IRFC distributed dividends on two occasions, with Rs 0.77 per share in November and Rs 1.05 per share in February.
IRFC Interim Dividend 2023
Interim dividends play a significant role in providing periodic returns to shareholders. Unfortunately, the current information does not elaborate on IRFC’s interim dividend for 2023. It’s recommended to seek additional information from the company’s official communications and financial reports to gain insights into the interim dividend and its impact on shareholder returns.
IRFC Financial Performance and Share Price History
To assess the company’s financial standing, it is important to consider its overall performance. IRFC has demonstrated a consistent growth trajectory, as evidenced by its financial results. In terms of revenue from operations, IRFC reported a significant increase of 17.70% for the financial year 2022-23, reaching INR 23,891 crores compared to INR 20,298 crores in the previous year.
The profitability of IRFC has also witnessed a positive trend. In FY 2022-23, the company reported a profit of INR 6,337 crores, reflecting a growth of INR 247 crores from the previous fiscal year. These figures showcase the company’s ability to generate sustainable returns and establish a strong foundation for future growth.
When considering IRFC’s share price history, it is important to note that past performance is not indicative of future results. However, it can provide insights into market trends. Over the past month, IRFC shares have observed a 7% climb, showcasing positive momentum. Year-to-date (YTD), the shares have remained relatively stable. Looking back at the previous year, IRFC shares generated a remarkable return of 52%.
IRFC Q4 Results 2023 Date
Investors often eagerly anticipate the release of quarterly results to assess the company’s financial performance. While the exact date for IRFC’s Q4 results in 2023 is not specified in the given information, it is typically announced by the company closer to the reporting period. By staying updated on the company’s official announcements and financial reports, you can find the specific date for the Q4 results release.
In conclusion, understanding the IRFC share dividend record date is crucial for investors seeking to maximize their returns. While the specific record date for 2023 has not been disclosed in the filing, it is essential to stay informed about upcoming announcements from IRFC. By considering the dividend history, financial performance, and share price trends, investors can make informed decisions and align their investment strategies accordingly.
Remember, investing involves careful analysis and consideration of various factors beyond dividends alone. It is recommended to consult with financial advisors or conduct thorough research before making any investment decisions. Stay tuned for updates regarding IRFC’s dividend record date, and leverage this information to make informed investment choices.