IRFC Dividend History: Dividend Per Share, Dates & Timeline
Check the complete IRFC Dividend History from 2021 to 2026, including dividend per share, interim and final dividends, recent dividend payments and financial-year details.
Updated: 1 October 2026Indian Railway Finance Corporation Limited (IRFC) is a public sector financial company and the dedicated financing arm of the Indian Railways.
IRFC was listed on the stock exchanges on 29 January 2021. Since listing, the company has declared 11 dividends through March 2026.
The latest IRFC dividend was an interim dividend of ₹1.05 per equity share, with an ex-dividend date of 13 March 2026.
IRFC Dividend History
The table below shows the IRFC dividend history from its stock-market listing in 2021 through 2026, including the ex-dividend date, dividend per share and dividend type.
| Ex-Date | Dividend Per Share | Dividend Type |
|---|---|---|
| 13 March 2026 | ₹1.05 | INTERIM |
| 24 October 2025 | ₹1.05 | INTERIM |
| 21 March 2025 | ₹0.80 | INTERIM |
| 12 November 2024 | ₹0.80 | INTERIM |
| 22 August 2024 | ₹0.70 | FINAL |
| 10 November 2023 | ₹0.80 | INTERIM |
| 15 September 2023 | ₹0.70 | FINAL |
| 17 November 2022 | ₹0.80 | INTERIM |
| 15 September 2022 | ₹0.63 | FINAL |
| 10 November 2021 | ₹0.77 | INTERIM |
| 17 February 2021 | ₹1.05 | INTERIM |
IRFC was listed on the stock exchanges on 29 January 2021. Therefore, the dividend history presented here starts from February 2021.
IRFC also issued bonus shares in November 2024. Investors comparing dividend amounts before and after the bonus issue should consider the change in the number of shares held when evaluating historical per-share payouts.
How Many Times Does IRFC Give Dividend?
Since its listing in January 2021, IRFC has declared 11 dividends through March 2026.
IRFC’s recent dividend pattern includes interim dividends during the financial year and, in some years, a final dividend after the annual results.
IRFC Dividend History: Recent Financial Years
| Financial Year | Total Dividend Per Share | Dividend Details |
|---|---|---|
| FY 2025-26 | ₹2.10 | ₹1.05 Interim + ₹1.05 Interim |
| FY 2024-25 | ₹2.30 | ₹0.80 Interim + ₹0.80 Interim + ₹0.70 Final |
| FY 2023-24 | ₹1.50 | ₹0.80 Interim + ₹0.70 Final |
| FY 2022-23 | ₹1.43 | ₹0.80 Interim + ₹0.63 Final |
| FY 2021-22 | ₹0.77 | ₹0.77 Interim |
| FY 2020-21 | ₹1.05 | ₹1.05 Interim |
IRFC Dividend 2026
IRFC declared an interim dividend of ₹1.05 per equity share in March 2026. The ex-dividend date was 13 March 2026.
| Particular | Details |
|---|---|
| Dividend Type | Interim Dividend |
| Dividend Per Share | ₹1.05 |
| Ex-Dividend Date | 13 March 2026 |
| Financial Year | FY 2025-26 |
| FY 2025-26 Total Dividend | ₹2.10 per share |
IRFC Dividend 2025
During FY 2024-25, IRFC declared three dividends: two interim dividends of ₹0.80 per share each and a final dividend of ₹0.70 per share.
IRFC Dividend 2024
During FY 2023-24, IRFC declared an interim dividend of ₹0.80 per share and a final dividend of ₹0.70 per share.
In November 2024, IRFC also completed a 1:1 bonus issue. Investors should consider this corporate action when comparing the number of shares held and historical dividend receipts across periods.
IRFC Dividend 2023
In FY 2022-23, IRFC declared two dividends: a final dividend of ₹0.63 per share and an interim dividend of ₹0.80 per share.
IRFC Dividend History: Recent Years Timeline
₹1.05 Interim Dividend
IRFC declared an interim dividend of ₹1.05 per share.
Ex-dividend date: 13 March 2026.
₹2.30 Total Dividend for FY 2024-25
IRFC declared two interim dividends of ₹0.80 each and a final dividend of ₹0.70.
Total: ₹2.30 per share.
₹1.50 Total Dividend for FY 2023-24
IRFC declared an interim dividend of ₹0.80 and a final dividend of ₹0.70.
Total: ₹1.50 per share.
₹1.50 Total Dividend for FY 2022-23
IRFC declared a final dividend of ₹0.70 in September and an interim dividend of ₹0.80 in November.
Total: ₹1.50 per share.
₹1.43 Total Dividend for FY 2021-22
IRFC declared a final dividend of ₹0.63 and an interim dividend of ₹0.80.
Total: ₹1.43 per share.
IRFC Begins Dividend History
IRFC declared an interim dividend of ₹1.05 per share in February 2021, followed by another interim dividend of ₹0.77 per share in November 2021.
The February 2021 dividend was for FY 2020-21, while the November 2021 dividend was for FY 2021-22.
IRFC Dividend Calculation: Example
The following example shows how much dividend an investor would receive based on the number of IRFC shares held, using the FY 2025-26 total dividend of ₹2.10 per share.
The ₹210 example is calculated as 100 shares × ₹2.10 per share. Actual dividend receipts can differ depending on shareholder eligibility, applicable taxes and other deductions.
Does IRFC Give Dividend Every Year?
Since its stock-market listing in January 2021, IRFC has declared dividends in every financial year covered by the history above.
The number of dividend payments has varied. Some financial years included only one interim dividend, while other years included interim and final dividends or more than one interim dividend.
About Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited (IRFC) is a public sector enterprise operating in India’s financial sector. It was established in 1986 as the dedicated financing arm of the Indian Railways.
IRFC raises funds from domestic and international financial markets to finance the acquisition of railway assets and other railway infrastructure.
The company plays an important role in arranging funds for the expansion and modernization of the Indian Railways network.
Key Fundamentals of IRFC
- Role and Purpose: IRFC primarily acts as the financing arm of the Indian Railways and raises funds for railway-related assets and infrastructure.
- Financial Performance: IRFC’s income is primarily associated with financing and interest income generated from its railway-related lending activities.
- Creditworthiness: The company’s ability to raise funds is influenced by its credit profile, ratings and its relationship with the Government of India.
- Economic Conditions: Interest rates, borrowing costs, liquidity conditions and broader economic conditions can affect financing businesses.
- Government Support: IRFC has an important relationship with the Indian Railways and the Government of India, which is relevant to its financing operations and credit profile.
IRFC Dividend History FAQs
IRFC has declared 11 dividends since February 2021 through March 2026.
The latest IRFC dividend is an interim dividend of ₹1.05 per share, with an ex-dividend date of 13 March 2026.
For FY 2025-26, IRFC declared two interim dividends of ₹1.05 each, resulting in a total dividend of ₹2.10 per share.
During FY 2024-25, IRFC declared dividends totaling ₹2.30 per share: ₹0.80 interim, ₹0.80 interim and ₹0.70 final.
For FY 2023-24, IRFC declared a total dividend of ₹1.50 per share, consisting of ₹0.80 interim and ₹0.70 final dividend.
During FY 2022-23, IRFC declared a total dividend of ₹1.43 per share, consisting of ₹0.63 final and ₹0.80 interim dividend.
IRFC declared an interim dividend of ₹0.80 per share in November 2022 and a final dividend of ₹0.63 per share in September 2022.
IRFC’s first dividend after its stock-market listing was an interim dividend of ₹1.05 per share with an ex-dividend date of 17 February 2021.
Yes. IRFC has declared both interim and final dividends. In FY 2025-26, the company declared two interim dividends of ₹1.05 each.
IRFC’s total dividend for FY 2025-26 was ₹2.10 per share, comprising two interim dividends of ₹1.05 each.
Conclusion
The IRFC Dividend History shows that the company has regularly distributed dividends since its stock-market listing in January 2021.
Through March 2026, IRFC has declared 11 dividends. The latest dividend was an interim dividend of ₹1.05 per share.
For FY 2025-26, IRFC declared total dividends of ₹2.10 per share, consisting of two interim dividends of ₹1.05 each.
Dividend history can help investors understand a company’s past shareholder distributions, but past dividends do not guarantee future payouts. Investors should check the latest company and stock-exchange disclosures before making investment decisions.
Dividend history is provided for informational and educational purposes only. Dividend declarations, record dates, ex-dividend dates and payment details may change. Investors should verify the latest information from IRFC’s official disclosures and stock-exchange filings before making investment decisions.
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