Rs 20/Share Dividend: NBFC Co Issues New Update, Shares Up 49% In 6-Months

Large cap NBFC sector stock, Shriram Finance Ltd declared an interim dividend of 200% i.e. Rs 20/- per equity share of the face value of Rs 10/- each fully paid up for the financial year of 2023-24. The company informed BSE that the said Interim dividend has been paid to the eligible members of the company today i.e. Monday, November 20, 2023. Last trading price of Shriram Finance share on BSE is Rs 1988.10 per share with intraday fall of 0.30%. Check details below:

Shriram Finance Pays Interim Dividend Today: As per the BSE filing issued today (November 20, 2023), "With reference to our letters dated October 16, 2023 and October 26, 2023, the Company had interalia informed that the Board of Directors at its meeting held on October 26, 2023 had declared an Interim dividend of 200% i.e. Rs.20/- per equity share of face value of Rs.10/- each fully paid up for the Financial Year 2023-24, subject to deduction of tax at source, if any, to be paid to those Members whose names appear in the Register of Members of the Company as on Monday, November 06, 2023 being the Record Date, for the purpose of payment of Interim dividend on or before Saturday, November 25, 2023.

In this regard, we hereby inform you that the said Interim dividend for the Financial Year 2023- 24 is paid today to the eligible Members of the Company i.e. Monday, November 20, 2023."

Shriram Finance Stock Performance & Return: Last trading price of Shriram Finance stock on BSE is Rs 1988.10 per share. Its 52-week high price is Rs 2050.00 per share and 52-week low price is Rs 1190.00 per share, respectively. The large cap company has a market capitalisation of Rs 74,642.67 crore. Shriram Finance shares offered gain of 59% in last 1-year, soared 24% in last 2-years, and surged 112% in last 3-years. In last 5-years, Shriram Finance stock rallied 71%.

Shriram Finance Q2 Financials: The company on October 26 announced a surge of 12.59% in its net profit for July-September to Rs 1751.44 crore as against Rs 1,555 crore declared in the corresponding period of last year. Its total income jumped 15.44% to Rs 8,564.45 crore for the quarter under consideration. Net Interest Income (NII) for Q2 of financial year 2024 jumped by 18% and arrived at Rs 4,934 crore as against Rs 4,174 crore in the corresponding period of last year.

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