PSU dividend stock: REC shares to trade ex-date today—check out payment date

REC share price: Shares of state-owned REC traded ex-date today, March 28. Earlier, the Maharatna PSU announced an interim dividend of Rs 4.5 per equity share of Rs 10 each. This marks the third payout for the financial year 2023–24 by the firm for the shareholders.

"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's exchange filing dated March 19 said.

REC dividend 2024 record date

The Maharatna PSU fixed March 28 as the record date.

REC dividend 2024 payment date

The company has informed the exchanges 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 further said.

REC share price history

The shares of REC have given impressive returns of nearly 300 per cent in one year, outperforming Nifty50, which has rallied over 30 per cent during the window.

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