In a recent development, The RURAL ELECTRIFICATION CORPORATION LTD (REC), India’s Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC), has announced the rec dividend for the fiscal year 2023-24, showcasing its ongoing commitment to shareholder returns. This move is indicative of the company’s solid financial performance and its strategy to distribute profits among its investors.
Dividend Announcement Overview:-
The REC board has resolved to distribute an interim Dividend @ Rs 4.5 (Rupees FOUR and five paise only) per equity share of face value of Re 10/- each for the financial year 2023-24, the company said in a regulatory filing.
Important Dates for Shareholders:-
One of the critical pieces of information for investors is the establishment of the record date, which REC has set as March 28, 2024 . This date is crucial as it determines which shareholders are eligible to receive the dividend, based on the company’s records on that day.
Understanding the REC Dividend: What Investors Should Know
Historical Dividend Payments(Source-BSE SITE)
Corporate Actions
|
Dividend Declared (₹)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bonus History
| Date | Ratio |
| 17 Aug 2022 | issue 1:3 |
| 28 Sep 2016 | issue 1:1 |