IDFC Ltd said on Thursday that the company’s board has approved the decision to pay an interim dividend of Re 1 per share. The company said an interim dividend of 10 per cent or Re 1 will be paid for each equity share of Rs 10 face value. Shares of IDFC Ltd closed at Rs 64.10, down over 6 per cent on Thursday.
IDFC Ltd wrote in the stock exchange, “We would like to inform you that the meeting of the Board of IDFC Limited was held on Wednesday, 6th April 2022. The meeting considered and approved the payment of interim dividend of 10% or Re 1.”
Record date April 20
The company further said, “The Board has fixed April 20, 2022 as the record date for interim dividend. This interim dividend will be paid to all those shareholders whose names are on the register of the company at the time of closure of business on 20th April, 2022. Meaning you have to buy shares at least 2 days before this date.
Company Information
IDFC is a leading finance company in the country, providing infrastructure finance, infrastructure development and investment banking, among other services. Shares of IDFC Limited have gained about 17 percent in the last one month. At the same time, in the last one year, it has given a return of about 28.20 percent to its investors.
