HDFC Dividend History

hdfc dividend history

Housing Development Finance Corporation Limited(HDFC) is an Indian financial services company that was founded in 1977. Wipro’s headquarter is in Mumbai, Maharashtra, India.

HDFC key products include Mortgage Loans. HDFC also has a presence in asset management, venture capital, realty, education, deposits, banking, life and general insurance, and education loans.

A dividend is a small form of payment given out of the profits to shareholders of a company as a form of gratitude. They are nowadays considered an important test to see the company’s strength and determine the enterprise as a stable corporation. 

They have even become a form of secondary income for investors that want a maximum return from their portfolio. This article will cover everything you need to know about dividends before buying shares of a company.

HDFC Dividend History

Announcement DateDividend (Rs)Dividend TypeDividend (%)Ex-Date
May 7, 202123Final1150May 31, 2021
May 26, 202021Final1050July 9, 2020
May 13, 20190875July 19, 2019
May 13, 201917.5Final875July 19, 2019
March 6, 20193.5Interim175March 15, 2019
April 30, 201816.5Final825July 19, 2018
March 13, 20183.5Interim175March 22, 2018
May 4, 201715Final750July 14, 2017
March 1, 20173Interim150March 9, 2017
May 2, 201614Final700July 15, 2016
March 16, 20163Interim150March 30, 2016
April 29, 201513Final650July 15, 2015
March 16, 20152Interim100March 25, 2015
May 6, 201414Final700July 4, 2014
May 8, 201312.5Final625June 27, 2013
May 7, 201211Final550June 22, 2012
May 10, 20119Final450June 22, 2011
May 3, 201036Final360June 29, 2010
May 4, 200930Final300July 6, 2009
April 30, 200825Final250June 27, 2008
May 3, 200722Final220June 12, 2007
May 2, 200620Final200June 30, 2006
May 5, 200517Final170June 29, 2005
May 7, 200413.5Final135July 2, 2004
May 7, 200311Final110July 1, 2003
January 14, 20020Final250July 3, 2002
May 3, 20010Final125June 11, 2001

For the last 10 years, HDFC is given dividends every year. HDFC has a good track record of giving dividends.

Is Dividend Good for the Company?

Yes, a dividend is good for the company because it makes it more attractive to the shareholders. The return of profits can be seen as a thank you note for the investors to trust the company. Dividends are a strong sign that the company’s balance sheet is strong and positive. 

Companies that pay dividends with consistent returns tend to be highly valued stocks with high market share rates. High stock price means larger market capitalization, and the company has a larger credit score to take on debt.

Who is Eligible for a Dividend?

Any shareholder owns a company’s stock for more than one business day before the ex-date dividends are paid out.

How do Dividends Get Paid?

Dividends are paid to the shareholder through a cheque that the shareholder can encash. A shareholder can also apply to receive the dividends in the form of additional company stocks. The stock-based Dividend is called a DRIP (Dividend Return Investment Plans) and is considered an additional investment. 

Why do Companies not Pay Dividends?

Small companies or startups do not pay dividends to their shareholders because they tend to be growing firms. They need many investments to fuel the expansion and become bigger as a company. Only highly well-established companies with no need for investment for future expansion tend to pay dividends.

What is the Dividend Announcement Date?

The company management comes together to announce when the company will pay dividends to the shareholders. The data then has to be approved by the shareholders before encashing their dividend cheques.

Types of Dividend

There are three types of Dividends that shareholders can receive-

  • Cash Dividends: You can receive these in the electronic transfer or the form of a cheque.
  • Property Dividends: A shareholder can receive one of the company’s assets as a form of property dividends.
  • Stock Dividends: These are additional stocks issued to the shareholder as a form of dividend return.

What is the Ex-Date of the Dividend?

The ex-date of the Dividend refers to the specific date before which a new shareholder must apply for a Dividend. If the shareholder buys the stock on the day or the ex-date of the Dividend, the seller will get a dividend. It is essentially a deadline for the new shareholders to come on board to get a dividend.