REC board to meet on March 16 to consider dividend

REC dividend 2024 news, REC board meeting: State-owned REC's board of directors is scheduled to on Saturday, March 16, to consider what could be a third interim dividend for the financial year 2023-24 for shareholders.

"In terms of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , this is to inform that a meeting of the Board of Directors of REC Limited will be held on Saturday, March 16, 2024 inter-alia to consider the proposal for declaration of 3,d Interim Dividend, if any, for the financial year 2023·24," the Maharatna PSU said in a regulatory filing on March 5. 

REC dividend history

REC has announced 35 dividends since September 8, 2008. In the past 12 months, REC announced an equity dividend amounting to Rs 10.85 per share, according to data from equity research portal Trendlyne.

REC dividend yield

At the current levels, REC's dividend yield stands at 2.3 per cent.

REC shares: Past performance

REC shares have gained nearly 280 per cent in the past year, sharply outperforming a rally of nearly 27 per cent in the headline Nifty 50 index. It has grown nearly 4.5 times over a period of five years.

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