Shares of Rural Electrification Company (REC), a ‘Maharatna’ firm below the Ministry of Energy, surged almost 2 per cent on March 19 after the agency declared a fourth interim dividend of Rs 3.6 per share for the continued monetary 12 months 2024-25.
REC dividend particulars
In an trade submitting after its board assembly, REC said that the document date to find out eligible shareholders is March 26, and the dividend will probably be dispatched on or earlier than April 16.
“That is to tell that the board of administrators of REC, in its assembly held on March 19, 2025, thought of and declared the fourth interim dividend of ₹3.60 per fairness share of ₹10 every for the monetary 12 months 2024-25,” the corporate stated within the submitting.
REC dividend document date
REC has set March 26 because the document date for figuring out shareholders eligible for the dividend payout. “The document date for the stated interim dividend is Wednesday, March 26, 2025, and the stated interim dividend shall be paid on or earlier than April 16, 2025,” the corporate added in its NSE trade submitting. Beneath the T+1 settlement cycle, the ex-date and the document date for all company actions, together with dividends, fall on the identical day.
Earlier dividends and yield
In the course of the present 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 corporate’s dividend yield, which represents the proportion of the share value paid out as dividends yearly, stands at 3.77 per cent.
REC share efficiency
As of two:46 pm, REC shares had been buying and selling at Rs 430, up 2 per cent from the earlier shut. The inventory opened at Rs 425 and hit an intraday excessive of Rs 430.80. In the meantime, the benchmark NSE Nifty 50 was up 0.41 per cent at 22,927.70 factors. REC shares have declined 2 per cent within the final 12 months and fallen 14 per cent on a year-to-date foundation. The relative energy index (RSI) stood at 57, indicating impartial momentum.
