Rs 4.50 Interim Dividend: This Maharatna PSU set to trade ex-date soon - Do you own?

REC Dividend 2024 Record Date, REC Share Price NSE Today: Shares of REC Ltd are set to trade ex-date this week. The Maharatna PSU has declared an interim dividend of Rs 4.50 or 45 per cent per equity share of Rs 10 each.

"Declaration of 3rd interim dividend @ Rs 4.50/- (Rupees Four and Paise Fifty only) per equity share of Rs 10/- each for the financial year 2023-24," the company said in an exchange filing.

REC Dividend 2024 Record Date

The shares of this Maharatna PSU will trade ex-date on March 28 as the company has fixed this as the record date. 

REC Dividend 2024 Payment Date

According to an exchange filing, the company has already stated that the interim dividend will be paid on or before April 17, 2024.

"Further, as earlier informed, the record date for the said interim dividend is Thursday, March 28, 2024 and the said interim dividend shall be paid on or before April 17, 2024 to those shareholders, whose names appear (a) as beneficial owners in the statement(s) furnished by the depository(ies) as on the close of business hours on March 28, 2024 in respect of shares held in electronic form; and (b) as members in the register of members on March 28, 2024 in respect of physical shares," the filing said.

REC Dividend History

Earlier to this, the company announced an interim dividend of Rs 3.50. Here's the dividend history of REC Ltd.

REC Share Price NSE Today

The share of REC Ltd opened at Rs 459.65 on the BSE on Tuesday, slightly lower than the last trading price of Rs 460.60. Last seen, the counter was trading at Rs 460.85.

Meanwhile, the shares of REC have given a positive return of over 287 per cent in one year and around 387 per cent in two years.