IDFC Limited had announced that its Board of Directors has considered and declared an interim dividend of 10% 1 per equity share of the company. The company has fixed the record date for interim dividend as Wednesday, April 20, 2022.
The company, in an exchange filing, had informed that “interim dividend shall be payable to all equity shareholders whose names appear in the register of members of the company at the end of the day on April 20, 2022, that is the record date. The aforesaid purpose of interim dividendTherefore, interim dividend will be paid to eligible shareholders on or after May 01, 2022.
“We would like to inform you that the Board of Directors of IDFC Limited (‘IDFC’ or ‘Company’) in its meeting held today i.e. April 06, 2022 has considered and declared an interim dividend of 10% i.e. Rs. 1 per equity shares,” IDFC announced in an exchange filing.
IDFC is a leading finance company in India providing services ranging from infrastructure financing, infrastructure development, investment banking and more. Shares of IDFC Ltd have gained over 34% in the one-year period, while the financial services company’s stock is up nearly 6% so far in 2022 (Year-to-date or YTD).