This Sarkari Company Giving ₹4.5 Dividend Per Share, Record Date Announced Check it Now! IDCW ― Jan-2024

Corporate Action :

Corporate actions include mergers, acquisitions, spin-offs, issuance/declaration of dividends, share splits, bonus shares/stock issues or rights issues.

Corporate news – Any action taken by a company (by its board of directors) that has a direct impact on the company and its shareholders.

What is dividend declaration?

Many companies distribute some part of their profits to shareholders in the form of dividends. Dividend payments are a way to provide shareholders with returns on their investments. The board of directors issues a declaration stating how much money will be paid and when.

This Sarkari Company Giving ₹4.5 Dividend Per Share, Record Date Announced Check it Now! IDCW ― Jan-2024

➤ REC Ltd on Saturday declared dividend for the financial year 2023-24.

➤ REC has declared a dividend of ₹4.50 per equity share.

➤ The Board of Directors has declared an interim dividend of ₹4.50 per equity share (i.e. 45 percent) on the paid-up equity share capital of the company.

➤ The record date for ascertaining the eligibility of members to receive this dividend is February 1, 2024.