IDFC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2015, inter alia, has recommended payment of dividend for the financial year ended March 31, 2015 at the rate of 26%, i.e. Rs. 2.60 per share, subject to the approval of shareholders at the ensuing Annual General Meeting. The dividend, if approved by the shareholders at the Annual General Meeting will be paid not later than mid August 2015.