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Shriram Finance (NSE:SHRIRAMFIN) 3-Year Dividend Growth Rate : 60.90% (As of Mar. 2024)


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What is Shriram Finance 3-Year Dividend Growth Rate?

Shriram Finance's Dividends per Share for the three months ended in Mar. 2024 was ₹10.00.

The historical rank and industry rank for Shriram Finance's 3-Year Dividend Growth Rate or its related term are showing as below:

NSE:SHRIRAMFIN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 2.5   Med: 11.9   Max: 60.9
Current: 60.9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Shriram Finance was 60.90% per year. The lowest was 2.50% per year. And the median was 11.90% per year.

NSE:SHRIRAMFIN's 3-Year Dividend Growth Rate is ranked better than
95.42% of 131 companies
in the Credit Services industry
Industry Median: 9.3 vs NSE:SHRIRAMFIN: 60.90

During the past 12 months, Shriram Finance's average Dividends Per Share Growth Rate was 233.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 60.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 30.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 15.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Shriram Finance's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.19. As of today, Shriram Finance's Dividend Yield % is 2.12%.

Good Sign:

Shriram Finance Ltd stock dividend yield is close to 1-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Shriram Finance's 3-Year Dividend Growth Rate

For the Credit Services subindustry, Shriram Finance's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shriram Finance's 3-Year Dividend Growth Rate Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Shriram Finance's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Shriram Finance's 3-Year Dividend Growth Rate falls into.



Shriram Finance 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Shriram Finance  (NSE:SHRIRAMFIN) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Shriram Finance's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=10/ 53.35
=0.19

During the past 13 years, the highest Dividend Payout Ratio of Shriram Finance was 0.26. The lowest was 0.09. And the median was 0.11.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Shriram Finance Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
INR 10.0000002024-02-062024-02-062024-02-17Cash DividendquarterlyINR:INR 1.000000
INR 20.0000002023-11-062023-11-062023-11-20Cash Dividendsemi-annuallyINR:INR 1.000000
INR 20.0000002023-06-162023-06-172023-07-06Cash Dividendsemi-annuallyINR:INR 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Shriram Finance's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=50/2344.35
=2.13 %

Current Share Price is ₹2344.35.
Shriram Finance's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₹50.

During the past 13 years, the highest Dividend Yield of Shriram Finance was 2.45%. The lowest was 0.31%. And the median was 0.94%.

Good Sign:

Shriram Finance Ltd stock dividend yield is close to 1-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Shriram Finance 3-Year Dividend Growth Rate Related Terms>


Shriram Finance (NSE:SHRIRAMFIN) Business Description

Traded in Other Exchanges
Address
Wockhardt Towers, West Wing, Level-3, C-2, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051
Shriram Finance Ltd is an Indian non-banking finance company. It is engaged in the financing of pre-owned commercial vehicles, equipment, and other loans. The company focuses on loan origination, valuation, and collection for pre-owned and new commercial and passenger vehicles, tractors, 3 wheeler, multi-utility vehicles, and also provides ancillary services such as finance for working capital, engine replacement, bill discounting, credit cards, and tire-loans as holistic financing support. The company's revenue consists of interest income on loans provides. Geographically, it derives maximum revenue from India.

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