IRFC, NMDC, CG Power Trade Ex-Dividend Today: Key Dates and Payouts

Several companies, including Indian Railway Finance Corporation (IRFC), NMDC, and CG Power, will trade ex-dividend on Friday, March 21, 2025. This means that today is the last day for investors to buy these stocks and be eligible for the upcoming dividend payouts. Shareholders who hold these stocks by the record date will receive their dividends next month.

IRFC Declares Second Interim Dividend for FY25

IRFC, the financing arm of Indian Railways, will trade ex-dividend today. The company has announced a second interim dividend of ₹0.80 per share for FY25. The record date is also March 21, and the dividend will be paid on April 16.

In the previous financial years, IRFC declared:

• FY24: ₹1.50 per share (Total payout: ₹1,045.48 crore)
• FY23: ₹1.50 per share
• FY22: ₹1.40 per share (Total payout: ₹1,006.28 crore)

With a dividend yield of 6-9%, IRFC remains attractive to income-focused investors.

As of March 21, 2025, at 9:40 AM IST, IRFC share price is trading at ₹129.89, up 1.07% or ₹1.37 for the day. The stock opened at ₹128.00 and has reached a high of ₹130.30 and a low of ₹127.00 so far. 

NMDC’s First Interim Dividend for FY25

NMDC, India’s largest iron ore producer, is also going ex-dividend today. The company announced a dividend of ₹2.30 per share, with a record date of March 21. Investors holding NMDC shares by this date will receive their payout on April 16.

In recent years, NMDC’s dividends have been:

• FY24: ₹7.25 per share (₹1,685.11 crore)
• FY23: ₹5.91 per share (₹1,098.98 crore)
• FY22: ₹14.74 per share (₹1,474 crore)

The company’s dividend yield has ranged from 3.6% to 9%, making it a preferred choice for dividend investors. Additionally, NMDC rewarded its shareholders with a 2:1 bonus share issue in December 2024.

As of March 21, 2025, at 9:41 AM IST, NMDC share price is trading at ₹67.12, down 2.43% or ₹1.67 for the day. The stock opened at ₹66.64 and has reached a high of ₹67.20 and a low of ₹66.16 so far.

CG Power Announces Interim Dividend

CG Power and Industrial Solutions Ltd has also declared a dividend of ₹1.30 per share, with a record date of March 22. Investors holding the stock by this date will receive the payout on April 16.

Understanding Ex-Dividend and Record Dates

• Ex-dividend date: The day a stock trades without the upcoming dividend. If you buy a stock on or after this date, you won’t receive the dividend.
• Record date: The date when companies determine which shareholders are eligible for the dividend. Only those who own the stock before the ex-date will receive the payout.

If you own these stocks before March 21, you qualify for the dividend. If not, you’ll have to wait for the next payout opportunity!

As of March 21, 2025, at 9:43 AM IST, CG Power and Industrial Solutions share price is trading at ₹657.65, up 0.47% or ₹3.05 for the day. The stock opened at ₹658.95, with an intraday high of ₹658.95 and a low of ₹652.00.

Conclusion

Dividend-paying stocks like IRFC, NMDC, and CG Power offer steady returns for investors. If you missed this round, keep an eye out for future payout opportunities!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.