REC Share Price Rises as PSU Plans Fourth Interim Dividend in FY25

REC share price extended its gains for the third consecutive session on Tuesday, following the positive momentum in the Indian stock market. The stock opened with an upside gap at ₹416.75 on the NSE and quickly touched an intraday high of ₹418.70 per share.

Board Meeting for Fourth Interim Dividend

Investors are closely watching REC as the company has scheduled a board meeting on March 19, 2025, to discuss and approve the fourth interim dividend for the financial year 2024-25.

In an official exchange filing, REC stated, “A meeting of the Board of Directors of the Company is scheduled on 19/03/2025 to consider and approve the proposal for declaration of the 4th Interim Dividend, if any, for the financial year 2024-25.”

REC’s Dividend History in FY25

If approved, this will be REC’s fourth interim dividend in FY25. The company has already declared three interim dividends:

• ₹3.50 per share (ex-date: August 9, 2024)
• ₹4 per share (ex-date: November 8, 2024)
• ₹4.30 per share (ex-date: February 14, 2025)

Dividend Yield Calculation

Before the fourth interim dividend, REC has paid a total of ₹11.80 per share in FY25. Considering REC’s share price of around ₹460 on April 1, 2024, the dividend yield stands at 2.56%. This yield is expected to rise once the fourth interim dividend is announced.

Conclusion

REC’s upcoming board meeting for the fourth interim dividend has boosted investor interest, continuing the stock’s upward trend. The dividend yield is set to rise further.

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