REC Dividend Stock: Maharatna PSU declares fourth interim payout of Rs 3.6 per share; check record date

Shares of Rural Electrification Corporation (REC), a ‘Maharatna’ company under the Ministry of Power, surged nearly 2 per cent on March 19 after the firm declared a fourth interim dividend of Rs 3.6 per share for the ongoing financial year 2024-25.  

REC dividend details

In an exchange filing after its board meeting, REC stated that the record date to determine eligible shareholders is March 26, and the dividend will be dispatched on or before April 16.  

"This is to inform that the board of directors of REC, in its meeting held on March 19, 2025, considered and declared the fourth interim dividend of ₹3.60 per equity share of ₹10 each for the financial year 2024-25," the company said in the filing.  

REC dividend record date 

REC has set March 26 as the record date for determining shareholders eligible for the dividend payout. "The record date for the said interim dividend is Wednesday, March 26, 2025, and the said interim dividend shall be paid on or before April 16, 2025," the company added in its NSE exchange filing. Under the T+1 settlement cycle, the ex-date and the record date for all corporate actions, including dividends, fall on the same day. 

Previous dividends and yield
During the current fiscal, REC has already issued three interim dividends: 
- First interim dividend of Rs 3.5 in August  
- Second interim dividend of Rs 4 in November  
- Third interim dividend of Rs 4.3 in February  

The company’s dividend yield, which represents the percentage of the share price paid out as dividends annually, stands at 3.77 per cent.  

REC share performance

As of 2:46 pm, REC shares were trading at Rs 430, up 2 per cent from the previous close. The stock opened at Rs 425 and hit an intraday high of Rs 430.80.  Meanwhile, the benchmark NSE Nifty 50 was up 0.41 per cent at 22,927.70 points. REC shares have declined 2 per cent in the last 12 months and fallen 14 per cent on a year-to-date basis. The relative strength index (RSI) stood at 57, indicating neutral momentum.