REC Ltd recommends final dividend of Rs. 4.35

The Board of Directors of REC Limited in its meeting held on Saturday, June 24, 2023 has considered and approved the recommendation of Final Dividend of Rs. 4.35 (Rupees Four and Thirty Five Paisa only) per equity share of Rs. 10/- each for the Financial Year 2022-23, subject to approval of the shareholders in the ensuing Annual General Meeting (AGM). This is in addition to the Interim Dividends of Rs. 8.25/- per equity share already declared and paid during the financial year 2022-23 in Two tranches, thereby making total dividend for the Financial Year 2022-23 to Rs. 12.60 per share, on the face value of Rs. 10/- each.

The Board of Directors has fixed Friday, July 14, 2023 as the 'Record date' for determining the eligibility of members for payment of final dividend for the financial year 2022-23. After approval of the shareholders in the ensuing AGM, the said final dividend shall be paid/dispatched to those shareholders whose names appear (a) as beneficial owners in the statement(s) furnished by the depository(ies) as on the close of business hours on July 14, 2023 in respect of shares held in electronic form; and (b) as members in the register of members on July 14, 2023 in respect of physical shares.

Shares of REC Limited was last trading in BSE at Rs. 156.15 as compared to the previous close of Rs. 159.00. The total number of shares traded during the day was 626628 in over 4156 trades.

The stock hit an intraday high of Rs. 160.80 and intraday low of 155.55. The net turnover during the day was Rs. 98853916.00.

Source : Equity Bulls

Keywords

REC INE020B01018 FinalDividend FY2023 RecordDate