IRFC Dividend New Report for 2022
- ByStartupStory | November 12, 2022
Indian Railway Finance Corporation (IRFC) has declared that it will provide a dividend to its shareholders. The government-owned business announced in an exchange filing that it will distribute an 8% dividend to its shareholders. The Ministry of Railways oversees the Miniratna Public Sector Enterprise known as IRFC.
IRFC would pay its shareholders Rs 0.80 in dividends per share, citing a corporate filing. The face value of each IRFC share is Rs 10 ($1).
IRFC stated in the filing, “Pursuant to Regulation 30 and 43 of the SEBI (LODR) Regulations, 2015, as amended from time to time, this is to inform you that the Board of Directors has declared an interim dividend of Rs 0.80 per equity share of Rs 10 each.”
Record Date for IRFC Share Dividend 2022
The record date for deciding whether shareholders qualify to receive dividends has also been disclosed by the IRFC. November 18th is the record date. It implies that the dividend would be paid to anyone holding IRFC stock in a Demat account on November 18. Their bank account that is connected to their Demat account would be directly credited with the dividend amount.
“Further, as informed by letter dated November 4, 2022, the “Record Date” for determining the eligibility of shareholders for payment of the said interim dividend, as declared by the Board, is Friday, November 18, 2022,” the company claimed.
IRFC Share Ex Date for Dividends
The ex-dividend date for IRFC stocks is one trading day before the record date. As a result, on November 17, IRFC equities will begin trading ex-dividend.
IRFC Q2 Results 2022
IRFC recorded a 14% increase in profit during the second quarter of the current fiscal year, coming in at Rs 1,714 crore. The business, which serves as the Indian Railways’ designated market borrowing arm, made Rs 1,501 crore in profit over the same period the year before.
In Q2 FY23, operating revenue increased by 23.88% to Rs 5,810 crore from Rs 4,690 crore recorded at the same time the previous year.
IFRC Share Price History
In the last month, IRFC has generated a positive return of about 15%. Rs 25.45 to Rs 19.30 is the stock’s 5-week trading range.
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