Dividend stocks: This PSU, which has rallied 300% in a year, will trade ex-date soon; firm announced Rs 1.8/share payout

PSU dividend stock, IRCON dividend 2024 record date: Shares of state-owned company IRCON International are set to turn ex-date on Friday, February 16. The mid-cap construction company declared an interim dividend of Rs 1.8 per equity share of the face value of Rs 2 each, i.e., a 90 per cent payout for the financial year 2023-24, along with its October-December quarter results for fiscal 2023-24.

IRCON dividend 2024 record date, IRCON dividend ex-date

IRCON has fixed February 16, Friday, as the record date for payment of the interim dividend for the financial year 2023–24, as intimated earlier in a regulatory filing by IRCON International on January 30.

IRCON dividend payment date

As per the company's communiqué, the interim dividend will be paid from Tuesday, February 27, 2024, onwards.

IRCON International Q3 results

IRCON International's net profit came in at Rs 244.7 crore, up from Rs 190 crore logged in the same quarter a year ago.

The company's revenue from operations during the quarter under review stood at Rs 2,884.22 crore, against Rs 2,346.51 logged in the year-ago period.

IRCON International shares: Past performance

The 52-week high price of the stock on BSE is Rs 234.85 apiece, and the 52-week low price is Rs 216.70 apiece, respectively.

IRCON International has a market capitalisation of Rs 20,917.07 crore, as per data available on the BSE. IRCON shares have gained over 110 per cent in the last six months and have jumped over 300 per cent in the last twelve months.

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