The Board of Directors of IIFL Wealth Management Ltd (IIFLWAM) held its meeting on 27 October 2021. It has declared Interim Dividend of Rs 20 per equity share for the financial year 2021-22. The meeting of Board commenced at 03.00 P.M. (IST) and concluded at 6.00 P.M. (IST).
IIFL Wealth Management Ltd Q2FY22 Result
The company’s consolidated net profit rose 63.54% to Rs 142.49 crore on 26.88% increase in total income to Rs 502.98 crore in Q2 September 2021 over Q2 September 2020. Revenue from operations stood at Rs 314 crore up 11% QoQ and 48% YoY.
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IIFL Wealth Management Ltd Dividend Record Date
The company in its letter has informed the exchanges that it has fixed 8 November 2021 as the Record date. Further, payment of dividend will be made to those shareholders whose names appear as Beneficial Owners as at the close of business hours on 8 November 2021.
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – In conclusion, if you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Above all, here is the copy of statement, the company has sent to the exchanges:
We wish to inform you that the Board of Directors (“Board”) of IIFL Wealth Management Limited (“Company”) at its meeting held today through audio-visual electronic communication has approved second interim dividend for the financial year 2021-22 of Rs. 20/- (Rupees Twenty only) per equity shares of the face value of Rs. 2/- each. The said interim dividend will be paid / dispatched on or before November 25, 2021.
Important Dates
- Company – IIFL Wealth Management Ltd
- Script Name – IIFLWAM (NSE) and 542772 (BSE)
- Dividend Amount – 20 Rs Per Share
- Dividend Type – Interim
- Ex-Dividend Date – 3 November 2021
- Record Date – 8 November 2021
- Payment Date – 25 November 2021
Also, you can find more information about IIFL Wealth Management Limited on National Stock Exchange and Moneycontrol – IIFL Wealth Management offers wealth management, asset management, portfolio management services, investment products, treasury services, estate planning and lending solutions among others. The company has been rated as A1+ by rating agencies such as CRISIL and ICRA.
