IDFC First Bank Dividend Record Date Today, Jul 11; Shares Trade Below 2% Ex-Dividend

IDFC First Bank shares are trading 2% down ex-dividend on Friday, July 11, in line with the broader market and UBS neutral rating. IDFC First Bank shares declined as much as 2.4% to Rs 74.75 apiece on the National Stock Exchange (NSE).

Stock Price Movement:

As of 2.30 PM on Thursday, IDFC First Bank shares was trading at Rs 75.39, down 1.62%. The stock had opened at Rs 76.59 slightly down from previous day's closing of Rs 76.63. The made an intraday high at Rs 76.69 and low of Rs 74.75.

IDFC First Bank dividend Record Date:

The board of Directors of IDFC First Bank has announced an interim dividend of Rs 0.25 per share. The record date to determine eligible shareholders is set for July 11, 2025. The bank has already informed the Indian stock exchanges about the dividend and the record date.

The IDFC First Bank Board at its meeting held on April 26, 2025 had considered and recommended dividend for the Financial Year 2024-25.

"We wish to inform that the Board of Directors of the Bank at its meeting held today has inter alia considered and recommended dividend of Rs 0.25 (2.50% of face value) per equity share of Rs 10 each for FY25," the earlier filing said.

IDFC First Bank dividend history:

According to IDFC First Bank dividend history, on the BSE website, IDFC First Bank is trading ex-dividend for the first time in nearly seven years. The last ex-dividend date was July 23, 2018, when shareholders were identified for receiving a final dividend of Rs 0.75 per share.

Neutral Rating By UBS:

UBS has initiated coverage on IDFC First Bank with a "neutral" rating and a 12-month target price of Rs 85, indicating a potential upside of around 12% from current levels. However, UBS highlighted concerns about the bank's profitability. It said," high credit costs and operational expenses could limit returns. Despite a positive sector outlook and stable net interest margins (NIMs),". UBS expects the bank's return on assets (ROA) to remain around 1% through FY27.

IDFC First Bank Share Price Performance:

While IDFC First Bank's stock has shown slight weakness recently, it has performed very well over the long term. In the past five years, the stock has jumped by more than 175%, showing strong returns for long-term investors.

So far in 2025 (year-to-date), the stock has risen by 17%. In just 3 monts the stock has gained over 25%, reflecting renewed investor interest.

The stock reached its 52-week high of Rs 79.37 on July 12, 2024, and touched a 52-week low of Rs 52.50 on April 7, 2025. As of now, the bank's total market value, or market capitalisation, stands at Rs 55,132 crore.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.