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What is Interim Dividend?

What is Interim Dividend?

There are three types of dividends basically which a company announces over a period of one year.

Interim Dividend
Final Dividend
Special Dividend

An interim dividend is the dividend which a company announces and pays before it conducts the annual general meeting (AGM) at the end of the year.

Final dividends are paid out at the end of the year when the company comes out with its annual report and conducts the AGM.

Special dividends are one-time dividends that a company may or may not pay. These are very rare.

While final dividends are only paid out once a year, interim dividends can be paid more than once and at any point in the financial year.

Interim dividends can be paid when a company declared its quarterly results. Usually, as the interim dividends are declared many times, the rate of dividend is lower when compared to final dividend.

When it comes to dividends, it is important to keep the date criteria in mind. There is record date and ex-dividend date.

What is record date and what is ex-dividend date?

The record date and the ex-dividend date determine who all will receive dividends.

The record date is set by the company's board, and it is the date on which the company compiles a list of shareholders for which it has declared a dividend.

Ex-dividend date on the other hand means the date on which the company is without dividend. The ex-dividend date represents the cut-off date for share ownership relating to a current dividend payment process.

Note that interim dividends can help you to indicate whether a company may or may not continue with regular dividend payouts.

Check out the list of companies which have announced interim dividends recently.

Since you're interested in dividend, check out Equitymaster's stock screener which lists the high dividend paying companies.

Here are some of the popular screens:

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While stock splits do not affect the underlying business, it is undeniable that there is price movement around stock split announcements and execution of the same.

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TCS Announces Second Interim Dividend. 5 Takeaways from TCS Q2 Results
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The company's operating margin stood at 24%, a contraction of 1.6% YoY while it also declared a second interim dividend.

TCS Announces Interim Dividend. 5 Takeaways from TCS Q1 Results
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TCS announced an interim dividend while the company's IT services attrition was 19.7% on a twelve-month basis period.

5 Takeaways from IRCTC's Q4 Results
May 31, 2022
IRCTC's net profit surged 106% while the company also declared a final dividend for 2021-22.

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What is Interim Dividend?

What is record date and what is ex-dividend date?

4 Stocks Paying Special Dividend in February 2024Feb 7, 2024These 4 companies are paying an additional dividend apart from the regular one. Watch out for them...

This Pharma Company Just Declared a 1,800% Final DividendMay 30, 2023This pharma stock is rewarding shareholders with a hefty dividend of Rs 325 per share. Do you own it?

Indian IT Company Set to Announce Big Dividend in April 2023. More Details Inside...Mar 19, 2023With interest rates still on the rise, the Indian rupee is expected to fall against the US dollar, which could possibly benefit Indian IT stocks.

3 Stocks that Pay Big Final Dividends. Add Them to Your WatchlistFeb 21, 2023Watch out for these cash-rich companies as they gear up to announce their much-awaited final dividend payouts.

3 Dividend Stocks to Watch Out for in December 2022Nov 11, 2022As the quarterly result and interim dividend season comes to an end, check out these three consistent dividend payers paying out dividends in December 2022.

HCL Tech Declares Third Interim Dividend. 5 Takeaways from HCL Tech Q2 ResultsOct 12, 2022The key highlight for this quarter was HCL Tech raising its revenue growth guidance for financial year 2023.

HCL Tech Announces Interim Dividend. 6 Key Takeaways from HCL Tech's Q1 ResultsJul 13, 2022The company retained its constant currency revenue guidance for financial year 2022-23 in the range of 12-14%.

Pharma Company to Issue Bonus Shares this Week. Are you Eligible?Jul 4, 2022The company has also announced a final dividend of Rs 23 per equity share recently.

Dr Reddy's Lab Shares Fall As Earnings Miss Estimates. What Next?May 14, 2021The company's board recommended a final dividend of Rs 25 for financial year 2020-21.

Multibagger Defence Stock Announces Stock Split and Interim DividendNov 8, 2023While stock splits do not affect the underlying business, it is undeniable that there is price movement around stock split announcements and execution of the same.

Watch Out for These 5 Smallcap Stocks with Final Dividend BonanzaMay 15, 2023These smallcaps are lined up for hefty final dividends. Do you own them?

10 Companies that Could Announce the Biggest Dividends of 2023Feb 23, 2023This is a list of some of the best dividend stocks in the Indian stock market.

Big Dividend Payouts Around the Corner. Watch Out for These 5 StocksJan 24, 2023Along with their quarterly results, companies are also declaring interim dividends. Check out five such companies which have announced big payouts so far.

Infosys Announces Rs 93 bn Buyback and Interim Dividend. 5 Takeaways from Infosys Q2 ResultsOct 13, 2022For Infosys, deal wins were the key highlight for Q2 as deal wins were the highest in the last 7 quarters.

TCS Announces Second Interim Dividend. 5 Takeaways from TCS Q2 ResultsOct 10, 2022The company's operating margin stood at 24%, a contraction of 1.6% YoY while it also declared a second interim dividend.

TCS Announces Interim Dividend. 5 Takeaways from TCS Q1 ResultsJul 8, 2022TCS announced an interim dividend while the company's IT services attrition was 19.7% on a twelve-month basis period.

5 Takeaways from IRCTC's Q4 ResultsMay 31, 2022IRCTC's net profit surged 106% while the company also declared a final dividend for 2021-22.