Dividend Alert: Mahratna PSU Announces 4th Interim Dividend Date; Check Eligibility and Other Details

REC Ltd Dividend Alert: A month after declaring its third dividend for the financial year 2024-25 (FY 25), REC Limited is all set to announce its fourth interim dividend on Wednesday, March 19.
Maharatna PSU's Board of Directors in their meeting on March 19 will consider a proposal for declaration of fourth dividend, if any, for the current financial year, said REC Ltd in its stock exchange filing on March 13.

REC Ltd dividend record date

The PSU hasn't provided any information about the fourth dividend record date and may provide an update on the same on March 19. The record date is fixed by the company, announcing the dividend, to distinguish shareholders eligible for payout. Only those shareholders who have purchased the company shares one day before the record date, and their names appear on the list of eligible shareholders, can reap the benefit of the dividend payout.

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REC's past dividend payouts

REC Ltd had paid Rs 4.3 per share dividend to eligible shareholders in February. The recently announced dividend will be the third in the present financial year. In 2024, REC announced dividends on four different occasions, including the highest payout of 50% in April. Last calendar year, the company paid dividends of Rs 4 per share in November, Rs 3.5 in August, Rs 5 per share in June, and Rs 4.50 per share in March.
REC paid dividends on four occasions in 2023 and three times in 2022. In 2023. Additionally, the company also issued bonus shares in the ratio of 1:3 in 2021.

REC Ltd stock movement

REC Ltd shares closed at nominally higher price of Rs 405.8 per share on BSE on Thursday, March 12. The company stock value has declined over 19.71% year to date.

REC signs Rs 18,360 crore MoU with Kerala government pump storage projects

REC Limited recently signed a Memorandum of Understanding (MoU) with the Energy Management Centre, Government of Kerala, for Pumped Storage Projects (PSP) worth ₹18,360 crore in Kerala.
The pump projects MoU were signed during the Global Green Hydrogen & Renewable Energy Summit 2025.
REC finances long-term construction and other projects of State, Centre, and private companies for robust infrastructure development in India.
The MoU was signed in the presence of K R Jyothilal, IAS, Additional Chief Secretary (Power), Government of Kerala; M. Udaya Kumar, CPM, REC, Kerala, along with other dignitaries from EMC and the Kerala government.

About REC Limited

The Maharatna company is a Reserve Bank of India (RBI)-registered Non-Banking Finance Company (NBFC). It is functioning under the control of the Centre's Ministry of Power and also works as a Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). It is a key financer of India's several power-infrastructure projects linked to sectors like electric vehicles, battery storage, pump storage projects, green hydrogen, green ammonia projects, etc.
Apart from financing key power-infrastructure projects, the company also finances other sectors like roads and expressways, metro rail, airports, IT communication, social and commercial infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.