Dividend

Unclaimed Dividend

Dividend declared at an annual general meeting is required to be paid within 30 days from the date of declaration of the said dividend. Companies are required to deposit the balance amount lying in the dividend account to an unclaimed dividend account within 37 days from the date of declaration. Any amount lying in the said account is termed as unclaimed dividend amount.

The details of unclaimed dividend as on July 31, 2016 are as follows:

Financial Year Unclaimed Dividend as on July 31, 2016 (Rs.) Unclaimed Dividend as % to total dividend payable Date of declaration of Dividend Last date for claiming Dividend
2008-09 1,09,14,900 0.13 July 22, 2009 August 28, 2016
2009-10 1,56,60,252 0.15 July 14, 2010 August 20, 2017
2010-11 2,01,84,039 0.15 July 8, 2011 August 8, 2018
2011-12 2,64,71,423 0.16 July 11, 2012 August 10, 2019
2012-13 3,16,21,090 0.16 July 19, 2013 August 19, 2020
2013-14 3,88,42,664 0.18 July 21, 2014 August 20, 2021
Interim Div 2014-15 65,64,594 0.21 March 19, 2015 April 20, 2022
Final Div 2014-15 3,71,69,574 0.18 July 28, 2015 August 26, 2022
Interim Div 2015-16 1,16,97,351 0.25 March 21, 2016 April 19, 2023
Final Div 2015-16 20,76,09,556 0.94 July 27, 2016 August 26, 2023

Dividends not encashed or claimed, within seven years from the date of its transfer to the unclaimed dividend account, will, in terms of the provisions of section 124 of the Companies Act, 2013, be transferred to the Investor Education and Protection Fund (IEPF), established by the Central Government.

FAQs on Dividend

  • 1. I have not received the dividend on shares of HDFC held by me. What should I do?
    As a policy, HDFC pays dividend to its shareholders commencing from the next day after its declaration.

    In case you have not received the dividend warrant or credit of dividend amount in your bank account within 15 days from the date of declaration, kindly inform the ISD in writing quoting your Folio Number / DP ID & Client ID. The letter has to be signed by all shareholders.

    After verification, the Corporation will issue fresh dividend warrant based on the status of encashment of the dividend warrant.
  • 2. How does one get dividend on shares held in electronic form?
    The Corporation obtains the details of beneficiary holders (shareholders) from the Depositories as on the date of the book closure /record date fixed by the Board of Directors.

    Dividend in respect of shares held is normally paid electronically if the 9 digit MICR code is available in the said details.

    In the absence of the said MICR code, dividend warrants are issued and dispatched to the address of the shareholders.

    In respect of shareholders maintaining a bank account for dividend purpose with HDFC Bank Limited, the Corporation gives direct credit of the dividend amount electronically to the said account.
  • 3. What is the procedure for obtaining a duplicate dividend warrant?
    The procedure for obtaining a duplicate dividend warrant is as follows:
    • In case you have not received the dividend warrant or credit of dividend amount is not reflected in your bank statement, you are requested to inform the ISD in writing quoting your Folio No. / DP & Client ID.
    • The said letter has to be signed by all shareholders.
    • HDFC will issue you a a duplicate dividend warrant, on receipt of the letter and subject to its verification and confirmation of your signature.
  • 4. How can I revalidate a dividend warrant?
    Please return the outdated (stale) dividend warrant to the ISD for revalidation or issuance of fresh cheque, as the case may be.
  • 5. What happens to a dividend if not claimed within 7 years?
    Dividends not claimed, within seven years from the date of its transfer to the unpaid dividend account, will be transferred to the Investor Education and Protection Fund (IEPF) established by the Government.
  • 6. Status of unclaimed dividend declared by HDFC during previous years:
  • Particulars Dividend upto 1994-95 Dividend for 1995-96, to 2007-08 Dividend from 2008-09 to 2014-15
    Status Transferred to the General Revenue Account of the Central Govt. Transferred to the Investor Education and Protection Fund (IEPF). Will be transferred to IEPF on the due date.
    Whether claimable? Please contact the Office of the Registrar of Companies, Maharashtra, Belapur. No claim lies against the Corporation or the IEPF. Can be claimed from the Corporation before the due date of transfer to IEPF.

Check your unclaimed Dividend