Rec limited Dividend Formerly known as Rural Electrification Corporation Limited, REC Limited is a government-owned business that specializes in funding and advancing rural electrification initiatives in India. Being a government-owned company, REC Limited Dividend payment is their essential element .
Depending on the company’s financial performance and its choice to distribute profits to shareholders, REC Limited may pay different dividends to its shareholders each year. If you are a shareholder of REC Limited and need more information or would like to know the dividend payout for a particular year, you have come to the right place . Lets’s check about Rec limited Dividend payment .
Rec ltd Dividend 2023
REC Ltd Dividend 2023 Announcement
The company announced on the BSE, “Declaration of 2nd interim dividend of Rs 3.50 per equity share of Rs 10 each for the financial year 2023-24.”
The record date for deciding whether or not shareholders are entitled to participate in the corporate action has already been set by REC Ltd.
Furthermore, the official indicated that the record date for the said interim dividend is Monday, November 13, 2023.
REC Ltd Dividend 2023 Ex Date
On November 13, the shares of REC Ltd. will become ex-date for the payment of a 35 percent dividend.
It is significant that since January of this year, the cut-off date and the ex-date for all Corporate Acts have coincided, as all instruments have been moved to the T+1 settlement cycle.
REC Ltd Dividend Payment Date
The petition states that eligible shareholders will receive their 35 percent dividend payment by November 30 at the latest.
BSE analytics shows that during the last three months, shares of REC Ltd have increased by 55%, while those of S&P BSE Financial Services have decreased by 2%. Over the last six months, the stock has returned a whopping 125%, and year-to-date, it has returned 154%.
The share price of REC has increased by a staggering 196% in the past year. The last three years have seen a 291% increase in investor wealth thanks to the scrip.
REC ltd Dividend Payment History
Exchange data indicates that in August of this year, REC Ltd. paid out a dividend of Rs. 3 per share. The company distributed a dividend of Rs 4.35 per equity share in July and Rs 3.25 per equity share in February.
REC made three dividend payments in 2022: Rs 5 in November, Rs 4.80 in July and Rs 6 in February.
| EX Date | Amount of Dividend in(Rs.) |
| 3 November 2023 | 3.5 |
| 14 August 2023 | 3 |
| 14 July 2023 | 4.35 |
| 09 February 2023 | 3.25 |
| 07 November 2022 | 5 |
| 12 July 2022 | 4.8 |
| 15 February 2022 | 6 |
| 11 November 2021 | 2.5 |
| 16 September 2021 | 1.71 |
| 13 August 2021 | 2 |
| 18 March 2021 | 5 |
| 13 November 2020 | 6 |
| 11 February 2020 | 11 |
| 11 March 2019 | 11 |
| 17 September 2018 | 1.75 |
| 15 February 2018 | 7.4 |
| 14 September 2017 | 2.65 |
| 27 February 2017 | 7 |
| 22 August 2016 | 5.1 |
| 17 February 2016 | 12 |
| 09 September 2015 | 2.7 |
| 18 February 2015 | 8 |
| 02 September 2014 | 1.75 |
| 20 February 2014 | 7.75 |
| 28 August 2013 | 1.5 |
| 08 February 2013 | 6.75 |
| 04 September 2012 | 2.5 |
| 30 January 2012 | 5 |
| 30 August 2011 | 4 |
| 11 February 2011 | 3.5 |
| 24 August 2010 | 3.5 |
| 04 January 2010 | 3 |
| 03 September 2009 | 2.5 |
| 26 February 2009 | 2 |
| 08 September 2008 | 3 |
Rec Ltd Profit
State-owned REC Ltd reported on Wednesday that, mostly as a result of increased revenues, additionally ,its consolidated net profit for the September quarter increased by about 39% to Rs 3,789.90 crore from the same period last year.
According to a BSE filing, the combined net profit for the quarter that concluded on September 30, 2022, was Rs 2,732.12 crore.
From Rs 9,964.00 crore during the same period last year to Rs 11,701.26 crore during the quarter, total income increased.
Rec ltd Dividend distribution factors
Following are the factors determining Distribution of Rec ltd
The economic situation:-The Company will make an effort to hold onto a larger portion of profits in the event of uncertain or recessionary business and economic conditions in order to accumulate reserves to withstand future shocks.
Investment Markets:-The dividend payout might be generous during periods of strong market conditions. However, the Company may choose to pay out conservative dividends in order to limit cash outflows in the event of bad market conditions if credit is scarce.
Statutory Requirements and Policies:-The Company will remember the limitations set forth in the Companies Act concerning dividend declaration. Being a government-owned company, the company must also take into account the rules the Indian government has periodically set on dividend declaration.
Conclusion
Since Rec ltd has declared the dividend , now it will boast the company’s performance hence will provide for better and efficient stock market performance. This step will generate an effective market and favourable sentiment towards the Rec. ltd .
By sharing profits with shareholders through dividend payments, corporations can express gratitude to them for their continued support and encourage them to hold onto their stocks.