Dividend Adjustment Of IDFC Full Details

Find out all the information about the Dividend Adjustment of IDFC for Dec 2023, including the ex-dividend date, record date, cash and F&O adjustments, and more. Discover how IDFC Limited will adjust its dividends according to SEBI regulations.

IDFC Limited announces the Special Interim Dividend of ₹ 11 per share on February 1, 2023. This translates to a yield of 12.83% based on the closing price of ₹ 85.75 on January 31, 2023. The ex-dividend date is set for February 13, 2023, with the record date for dividend payment scheduled for February 13, 2023.

Dividend Adjustment Of IDFC Full Details

SEBI’s Guidelines for Dividend Adjustment in F&O

As per SEBI regulations, companies declaring dividends higher than 2% of the preceding day’s closing price must adjust the dividends in both futures and options markets. In compliance with these rules, IDFC will adjust its dividends in both the futures/options markets and the cash market.

Dividend Adjustment of IDFC for Dec 2023 in the Cash

Investors who buy IDFC shares on or prior to February 10, 2023, will receive the cash dividends directly to their bank accounts, as this is the last cum-dividend date for the stock in the cash market.

Dividend Adjustment of IDFC for Dec 2023 the Futures

In the futures market, IDFC’s futures contracts will be adjusted by subtracting the dividend amount from the February 10, 2023 closing price. For instance, if IDFC closes at ₹ 91 on February 10, 2023, one futures contract would be worth ₹ 91 x 10000 = ₹ 9,10,000. The next day, February 13, 2023, the value of the same contract would be adjusted to ₹ 80 x 10000 = ₹ 8,00,000. The difference between these two values will be transferred from the futures seller’s account to the futures buyer’s account.

Dividend Adjustment of IDFC for Dec 2023 in the Options

In the options market, the dividends will be subtracted from the call and put option strike prices for ongoing monthly contracts i.e. February 23, 2023, and those expiring on, March 29, 2023, and April 27, 2023. This can be understood through the table given below:

Dividend Adjustment Of IDFC

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