Miniratna PSU Stock Declares Record Date To Pay 175% Dividend, 3-Yrs Return 115%

Miniratna status PSU stock, operating in Tourism & Hospitality sector, Indian Railway Catering and Tourism Corporation Ltd (IRCTC Ltd) fixed February 22, 2023 as the record date for interim dividend. The mid cap stock has a market capitalisation of Rs 52,100.00 crore. IRCTC shares rallied 1.59% intraday. Check details pertaining to the stock below:

1. IRCTC Ltd Fixes Record Date For Interim Dividend

According to the BSE filing of the company, "Board of Directors of the Company at its meeting held on Thursday, February 9, 2023, has declared an interim dividend of Rs.3.50/- per share on Equity Shares of face value of Rs. 2/- each for the financial year 2022-23, which is 175% of paid-up share capital. The Board of Directors have fixed Wednesday, February 22, 2023 as the record date for the purpose of payment of Interim dividend."

The payment of Interim Dividend will be made within 30 days of its declaration. The meeting commenced at 11:30 A.M. and concluded at 2:00 P.M.

2. IRCTC Ltd Share Performance & Return

The last trading price of the stock is Rs 651.25 apiece with an intraday gain of 1.59%. The stock's 52-week high is Rs 868.10 apiece and 52-week low is Rs 557.00 apiece, respectively.

The stock surged 3% in last 3-days, over 1% in last 1-month, declined 23% in last 1-year. In last 3-years, the stock soared 114% and 347% in last 5-years.

3. IRCTC Ltd About

Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a "Mini Ratna (Category-I)" Central Public Sector Enterprise under Ministry of Railways, Government of India.

IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems, according to its official website.

Disclaimer

The stock gives details pertaining to interim dividend and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.