Midcap NBFC Declared Special Interim Dividend, Stock Hits 52 Week High, Check Record Date

IDFC Ltd., a Non-Banking Finance Company (NBFC)- Investment, regulated by the RBI has declared a Special Dividend. The Board of Directors of IDFC Limited at its meeting held on February 01, 2023, considered and declared a Special Interim Dividend of 110%. The Company is a midcap NBFC having a market valuation of Rs 13,489.42 crore. The stock of IDFC Ltd rallied in the past 3 months. Below are key details of the stock:

IDFC Ltd Stock Performance

The current market price of the IDFC Stock is Rs 88 apiece, trading 4.33% up from its previous close of Rs 84.35 apiece. Yesterday, February 01, 2023, the stock hits a new 52 week high at Rs 89.90 apiece. The 52 week low of the stock is 42.20 apiece. In the past 1 week it gained over 1.63%. In the past 1 month, it gained 3.75% and in the past 3 months, it gained 10.48%. Over the past 1 year, it gained 24.96%. In 3 years it gained the highest 137%, while in the past 5 years it gained 51.57%.

 

IDFC Ltd Declares Special Interim Dividend

According to the regulatory filing to BSE on February 01, 2023, the Board of Directors of the IDFC Limited stated, "In continuation to our letter dated January 25, 2023 and in compliance with Regulation 29 and 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform you that the Board of the Directors of the IDFC Limited ('IDFC' or 'the Company') at its meeting held today i.e. February 01, 2023 has considered and declared a Special Interim Dividend of 110% i.e. Rs. 11 per equity share of the Company. Total amount of dividend payout would be appx. Rs. 1,760/- crores."

It added, "Please note that the Special Interim Dividend, shall be payable to all those equity shareholders, whose names appear in the Register of Members of the Company as at close of day on February 13, 2023, being the record date for the purpose of the aforesaid Special Interim Dividend. Please note that Special Interim Dividend will be paid to eligible shareholders on or after February 24, 2023."

 

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