Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»REC Dividend Stock: Maharatna PSU declares fourth interim payout of Rs 3.6 per share; check record date
    Stock Market

    REC Dividend Stock: Maharatna PSU declares fourth interim payout of Rs 3.6 per share; check record date

    March 19, 20252 Mins Read


    Shares of Rural Electrification Corporation (REC), a ‘Maharatna’ company under the Ministry of Power, surged nearly 2 per cent on March 19 after the firm declared a fourth interim dividend of Rs 3.6 per share for the ongoing financial year 2024-25.  

    REC dividend details

    In an exchange filing after its board meeting, REC stated that the record date to determine eligible shareholders is March 26, and the dividend will be dispatched on or before April 16.  

    “This is to inform that the board of directors of REC, in its meeting held on March 19, 2025, considered and declared the fourth interim dividend of ₹3.60 per equity share of ₹10 each for the financial year 2024-25,” the company said in the filing.  

    REC dividend record date 

    REC has set March 26 as the record date for determining shareholders eligible for the dividend payout. “The record date for the said interim dividend is Wednesday, March 26, 2025, and the said interim dividend shall be paid on or before April 16, 2025,” the company added in its NSE exchange filing. Under the T+1 settlement cycle, the ex-date and the record date for all corporate actions, including dividends, fall on the same day. 

    Previous dividends and yield
    During the current fiscal, REC has already issued three interim dividends: 
    – First interim dividend of Rs 3.5 in August  
    – Second interim dividend of Rs 4 in November  
    – Third interim dividend of Rs 4.3 in February  

    The company’s dividend yield, which represents the percentage of the share price paid out as dividends annually, stands at 3.77 per cent.  

    REC share performance

    As of 2:46 pm, REC shares were trading at Rs 430, up 2 per cent from the previous close. The stock opened at Rs 425 and hit an intraday high of Rs 430.80.  Meanwhile, the benchmark NSE Nifty 50 was up 0.41 per cent at 22,927.70 points. REC shares have declined 2 per cent in the last 12 months and fallen 14 per cent on a year-to-date basis. The relative strength index (RSI) stood at 57, indicating neutral momentum.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    The Motley Fool: Invest in diversified dividends

    Stock Market

    How technology in the FCS might affect a team’s preparation and in-game adjustments

    Stock Market

    If I Could Only Buy 1 S&P 500 Stock From Each Sector for the Rest of 2025, I’d Go With These 11 Dividend Stocks

    Stock Market

    The agricultural renaissance: Modern farming, technology, and new crops

    Stock Market

    A beginner’s guide to AI for Boomers, from technology writer Jonathan Margolis

    Stock Market

    3 High-Yield Dividend Stocks to Buy in August and Hold Through at Least 2030

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    Global Fintech Investment Falls to $51.9 Billion, but Deal Volume Offers Optimism, Says KPMG’s Pulse of Fintech

    Investments

    Structuring your Investments for tax efficiency in SA’s challenging fiscal climate

    Cryptocurrency

    5 essential tools for journalists conducting cryptocurrency investigations

    Editors Picks

    Understanding the Foundations of Digital Currency

    June 9, 2025

    Tiger Woods shows true colours as he sends message after legend’s retirement

    August 4, 2025

    LNG freight prices surge to highest level in 8-Months due to tanker scarcity, regional conflict

    June 24, 2025

    Bonds Eventually Pass on Decisive Reaction to Tuesday’s Data

    August 12, 2025
    What's Hot

    Les stocks nationaux pourraient bondir selon FranceAgriMer

    July 16, 2025

    5 Commandments Of Crypto Investing

    October 24, 2024

    Le Real Madrid s’impose face à l’Atlético en huitièmes de finale aller de la Ligue des champions

    March 5, 2025
    Our Picks

    Institute for Agricultural Research urges FG to make agricultural inputs affordable for local farmers

    April 23, 2025

    UK property becoming safe haven by default

    April 27, 2025

    Seven stocks including Oji Holdings to be added to Nikkei High Dividend Yield 50 Index

    June 13, 2025
    Weekly Top

    Dream11 parent Dream Sports testing Dream Money App to enter fintech sector

    August 24, 2025

    Pakistan at risk of FATF grey list return over digital transactions, warns Pak Finance Minister Aurangzeb – World News

    August 24, 2025

    the nu-metal giants keep the hits rollin’ in

    August 24, 2025
    Editor's Pick

    Egypt’s agricultural exports reach 5.2mln tons in H1 2025

    June 23, 2025

    Hyperline lève près de 10 millions de dollars pour son logiciel de gestion de revenus

    January 15, 2025

    Transcript : Marqeta, Inc. Presents at Barclays 15th Annual Emerging Payments and FinTech Forum, May-20-2025 08

    May 20, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.