IRFC Share Price in Focus; Board Mulls Second Interim Dividend, Sets Record Date for Mar 21

The Indian Railway Finance Corporation (IRFC) has recently announced an upcoming Board Meeting to discuss the declaration of the Second Interim Dividend for the financial year 2024-25. Here’s everything you need to know about this important update.

Key Details of the IRFC Dividend Announcement

• Board Meeting Date: Monday, March 17, 2025.
• Purpose: To consider the declaration of the Second Interim Dividend for the financial year 2024-25.
• Record Date: Friday, March 21, 2025 (to determine shareholder eligibility for the dividend).

Understanding the Record Date

The record date is the cutoff date set by the company to determine which shareholders are eligible to receive the dividend. Shareholders holding IRFC shares as of March 21, 2025 will qualify for the second interim dividend, subject to approval by the Board of Directors.

IRFC Dividend Payout History

Indian Railway Finance Corporation (IRFC) has consistently rewarded its shareholders with dividends over the years. In the latest announcement on October 22, 2024, the company declared an interim dividend of ₹0.8 per share, with the ex-dividend date set for November 12, 2024.

Earlier in the year, on May 21, 2024, IRFC announced a final dividend of ₹0.7 per share. Looking at past trends, the company has maintained a steady dividend payout, offering interim dividends of ₹0.8 in October 2023, October 2022, and final dividends of ₹0.7 in May 2023 and ₹0.63 in May 2022.

IRFC Share Price Performance

Indian Railway Finance Corporation Limited (IRFC) share price dropped 1.75%, to ₹117.65 at 9:50 AM on the NSE. The stock opened at ₹118 and reached a high of ₹118.74 before dipping to a low of ₹116.57. Compared to the previous close of ₹119.75,

Conclusion

IRFC’s upcoming Board Meeting on March 17, 2025 will determine the Second Interim Dividend, with March 21, 2025 set as the record date. This announcement reinforces IRFC’s commitment to rewarding investors while maintaining regulatory compliance.

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