Rs 2.5/Share Dividend: Small Cap NBFC Issues Record Date, Shares Rally 174% In 1-Yr

Small cap company operating in financial institution sector, Tourism Finance Corporation of India Limited (TFCI) shares gained 70% in last 6-months and soared 174% in last 1-year. Tourism Finance Corporation of India Limited today fixed August 14, 2024 as the record date for dividend. Earlier on May 17, 2024 TFCI recommended Rs 2.50 per equity share dividend for the financial year 2023-24. Tourism Finance Corporation of India has a market cap of 1980.62 crore. Check details below:

Tourism Finance Corporation of India Limited Sets Record Date For AGM, Dividend: As per the regulatory filing of Tourism Finance Corporation of India Limited issued as on July 6, 2024, "To hold 35" Annual General Meeting (AGM) on Wednesday, the 14th day of August, 2024 at 11.00 a.m., through Video Conferencing (VC)/other Audio Visual Means (OAVM) facility. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Register of Member and Share Transfer Books of the Company will remain closed from August 8, 2024 to August 14, 2024 (both days inclusive) for taking record of the Members of the Company for the purpose of Annual Book closing and for determining the names of members eligible for dividend on Equity Shares, if declared at the meeting."

Tourism Finance Corporation of India Dividend: The BSE filing of the company dated May 17 said, "Board of Directors has recommended dividend of Rs.2.50 per equity share of Rs.10 each (25%) for the financial year 2023-24, subject to approval by the members of the Company in the forthcoming Annual General Meeting."

Tourism Finance Corporation of India Share Performance: The 52-week high price of Tourism Finance Corporation of India share on BSE is Rs 267.40 per share (as on 26/02/2024) and 52-week low price is Rs 76.00 per share (as on 07/07/2023), respectively. Tourism Finance Corporation of India shares offered attractive return of 40% in last 1-month, zoomed 58% year-to-date, and rallied 314% in last 2-years.

About: Tourism Finance Corporation of India Limited, popularly known as TFCI, is a premier public financial institution which commenced operations in 1989 with core objective of providing finance and advisory services to the tourism sector in India. Besides tourism, TFCI is now also providing finance to educational institutions, healthcare institutions, non-banking finance companies, real-estate sector engaged in affordable/middle class housing development, other services such as logistics, warehousing, etc., renewable energy and manufacturing sectors, according to its LinkedIn page.

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