In this post, we provide a Dividend history of IRFC. How many times does IRFC give dividends to shareholders? IRFC Dividend history.
Indian Railway Finance Corporation Limited (IRFC) is a public sector enterprise in India that operates in the financial sector.
IRFC Dividend History
| Ex-Date | Dividend Payment | Dividend Type |
|---|---|---|
| Sept. 15, 2023 | 0.70 | FINAL |
| Nov. 17, 2022 | 0.80 | INTERIM |
| Sept. 15, 2022 | 0.63 | FINAL |
| Nov. 10, 2021 | 0.77 | INTERIM |
| Feb. 17, 2021 | 1.05 | INTERIM |
After 2021 IRFC declared 5 dividends. Over the past year, IRFC has announced a dividend of 1.43 rupees per equity share.
IRFC announces dividends every year after 202 1 for shareholders. The company have a good track record in dividend paying.
Read: Dividend History of Gail
In 2023 IRFC declared 1 dividend on 15 September rate of 0.70 rupees.
About IRFC Company
Indian Railway Finance Corporation Limited (IRFC) is a public sector enterprise in India that operates in the financial sector. It was established in 1986 as the dedicated financing arm of the Indian Railways. IRFC is responsible for raising funds through various financial instruments to support the expansion and modernization of the Indian Railways network.
The primary purpose of IRFC is to mobilize funds from various sources to finance the acquisition of rolling stock assets and other railway infrastructure. It plays a crucial role in funding the development and maintenance of railways in India.
key fundamentals of IRFC:
1. Role and Purpose: The Indian Railway Finance Corporation (IRFC) is a public sector enterprise in India that primarily serves as the dedicated financing arm of the Indian Railways. Its primary role is to raise funds through various financial instruments to finance the expansion, modernization, and maintenance of the Indian Railways infrastructure.
2. Financial Performance: IRFC’s financial performance is closely tied to the growth and development of the Indian Railways. Its revenue primarily comes from the interest earned on the loans it provides to the railways.
3. Creditworthiness: The creditworthiness of IRFC is an important factor for investors and lenders. As a public sector entity, IRFC’s creditworthiness is often linked to the credit rating assigned by rating agencies. A higher credit rating indicates a lower risk of default and makes it easier for IRFC to raise funds at favourable terms.
4. Impact of Economic Conditions: Macroeconomic factors like interest rates, inflation, and economic growth can affect IRFC’s financial performance. Changes in these factors can impact its borrowing costs, profitability, and ability to raise funds.
5. Government Support: Being a government-owned entity, IRFC enjoys the backing of the Indian government. This support can include guarantees for its borrowings and other forms of assistance that help maintain investor confidence.
Question and Answer about IRFC dividend
In 2023 IRFC declared 1 dividend on 15 September rate of 0.70 rupees.
After 2021 IRFC declared 5 dividends. Over the past year, IRFC has announced a dividend of 1.43 rupees per equity share.
