REC share price edge higher as Indian PSU set to declare 4th interim dividend in FY25

Stock market today: Following the positive trend in the Indian stock market, REC share price extended the uptrend for the third straight session on Tuesday. REC share price today opened with an upside gap at 416.75 apiece on the NSE and touched an intraday high of 418.70 per share within a few minutes of the Opening Bell.

The PSU stock was under the bulls’ radar as the Indian PSU has set a board meeting date on 19 March 2025 to consider and approve the proposal for the fourth interim dividend in the financial year 2024-25.

REC dividend 2025

REC informed the Indian stock market exchanges about the proposal for the fourth interim dividend, saying, “We wish to inform that a meeting of the Board of Directors of the Company is scheduled on 19/03/2025, inter alia, to consider and approve the proposal for declaration of 4th Interim Dividend, if any, for the financial year 2024-25.”

REC dividend history

If declared, this will be the fourth interim dividend by REC in the financial year 2024-25. REC shares traded ex-date on 9 August 2024 for the payment of first interim dividend of 3.50 per share to its eligible shareholders. Later, it traded ex-date on 8 November 2024 and 14 February 2025 to ascertain the list of eligible shareholders for the payment of 4 and 4.30 per share, respectively.

(This is a developing story. Please refresh for more updates.)

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

  • Aniket Pujari

    Aniket Pujari

    Aniket Pujari, a graduate in Financial Markets, is the founder of Minute To Know News, a digital platform providing daily news updates on cryptocurrencies, finance, and economics. With a passion for finance and technology, Aniket has been exploring the world of cryptocurrencies since 2015, building a deep understanding of these rapidly evolving industries.

    Related Posts

    Vedanta-owned large-cap metals subsidiary fined over ₹10 lakh by BSE, NSE for THIS reason

    Mining giant Vedanta-owned firm, Hindustan Zinc received an official penalty notice from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) over non-compliance of the number of independent…

    US Fed to unveil policy verdict amid ‘stagflation risk’, chief Jerome Powell eyes rate pause: 5 key things to know

    US Fed chair Powell said that the US Federal Reserve is likely to keep its benchmark interest rate unchanged in the coming months as it waits for widespread uncertainty stemming…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Vedanta-owned large-cap metals subsidiary fined over ₹10 lakh by BSE, NSE for THIS reason

    Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

    Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

    Goldman recommends these cheap stable stocks amid market volatility

    Modest CME Solana futures fanfare signals possible ETF turnout: K33

    Modest CME Solana futures fanfare signals possible ETF turnout: K33

    Amazon AI scammers defrauded users with ‘passive income’ scheme

    Ripple v. SEC Lawsuit Speculation: Can This Key Development Lead to a Resolution?

    Ripple v. SEC Lawsuit Speculation: Can This Key Development Lead to a Resolution?