Midcap NBFC Stock Declared Interim Dividend, Stock Rallies 9.27%, Check Record Date

IIFL Finance Ltd, a midcap NBFC stock, on January 30, 2023, declared an Interim Dividend of Rs 4 for the Financial Year 2023 ending 31st March 2023. The Board of Directors of IIFL Finance also fixed the record date for the declared dividend. Here are the key details about the stock:

IIFL Finance's Stock Performance

The current market price of the IIFL Finance stock on NSE is Rs 513.75 apiece, trading 9.27% up from the previous close of Rs 470 apiece. It hit the new 52 week high on 18 January 2023 at Rs 521 apiece, while the 52-week low hit on 28 March 2022 at Rs 269.40 apiece. It has a market capitalisation of Rs 19,242.38 crore.
The stock has gained 9.15% in the past 1 week, 6.56% in the past 1 month and 22.11% in the past 3 months, respectively. In the past 1 year, it gained 63.32%. In the past 3 years, it gained 205.85%. However, in the past 5 years, it has fallen 29.71%. 

IIFL Finance declares an interim dividend of Rs. 4

The Board of Directors of IIFL Finance in its regulatory filing on January 30, 2023, has said, "Interim Dividend of Rs. 4/- per equity share of the face value of Rs. 2/- each for the financial year 2022-23. Pursuant to the provisions of Regulations 42 of the Listing Regulations, the Board has fixed Tuesday, February 07, 2023 as record date. The said interim dividend will be paid/dispatched on or before February 28, 2023." 

About the Stock

IIFL Finance Ltd. is one of the leading players in the financial services space in India operated as a diversified NBFC in India. The company is engaged in the business of loans and mortgages along with its subsidiaries. Together with its subsidiaries - IIFL Samasta Finance Limited (Formerly known as Samasta Microfinance Limited), IIFL Home Finance Limited, and IIFL Open Fintech Private Limited, it provides a diverse range of loans and mortgages.
The company offers a wide range of products such as Home loans, Gold loan, microfinance, business loan, capital market finance and developer & construction finance, etc. The company has a nationwide presence with a network of 3,119 branches spread across more than 500 cities.

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