REC Dividend History 2024 : Financial service providing company, Rural Electrification Corporation Limited’s stock are listed on the Bombay Stock Exchange and National Stock Exchange of India. In this article we will discuss on dividend history of REC Ltd. All the details are given below like ex-date, record date, last 10 or 5 years history, etc.
Brief Information about REC Limited
Rural Electrification Corporation (REC) is a public infrastructure finance company in India’s power sector. It is a subsidiary of Power Finance Corporation Limited (PFC) and is under the ownership of the Ministry of Power, Government of India. REC Ltd provides financing services for power generation, transmission, and distribution projects across the country. The company offers loans to Central/State Sector Power Utilities, State Electricity Boards, Rural Electric Cooperatives, NGOs, and Private Power Developers. REC is listed on both NSE and BSE and it holds the distinction of being the 12th Maharatna Company.
Dividend history of REC Ltd
- Since 8 September 2008, REC Ltd. has announced 38 dividends, amounting to a total of ₹175.46 per share.
- Over the last 12 months, this company has declared an equity dividend of ₹16.50 per share.
- In last year (2023), REC announced dividends four times, totaling ₹14.09 per share. This equates to a dividend yield of 6.74%, calculated based on the average share price of ₹209.03 on the dividend dates.
- It has declared dividend 4 times for the last financial year (1st Apr 2023 – 31st Mar 2024), amounting to total of ₹15.35 per share.
REC Dividend History Last 10 years
Here is the dividend history list of Rural Electrification Corporation Limited is given in the table. You can view the details of company’s past 10 years.
| Ex-Date | Record Date | Dividend | Dividend Type |
|---|---|---|---|
| 09 Aug 2024 | 09 Aug 2024 | ₹3.50 | INTERIM |
| 28 Jun 2024 | 28 Jun 2024 | ₹5.00 | FINAL |
| 28 Mar 2024 | 28 Mar 2024 | ₹4.50 | INTERIM |
| 13 Nov 2023 | 13 Nov 2023 | ₹3.50 | INTERIM |
| 14 Aug 2023 | 14 Aug 2023 | ₹3.00 | INTERIM |
| 14 Jul 2023 | 14 Jul 2023 | ₹4.35 | FINAL |
| 09 Feb 2023 | 09 Feb 2023 | ₹3.25 | INTERIM |
| 07 Nov 2022 | 09 Nov 2022 | ₹5.00 | INTERIM |
| 12 Jul 2022 | 13 Jul 2022 | ₹4.80 | FINAL |
| 15 Feb 2022 | 16 Feb 2022 | ₹6.00 | INTERIM |
| 11 Nov 2021 | 12 Nov 2021 | ₹2.50 | INTERIM |
| 16 Sep 2021 | 17 Sep 2021 | ₹1.71 | FINAL |
| 13 Aug 2021 | 17 Aug 2021 | ₹2.00 | INTERIM |
| 18 Mar 2021 | 19 Mar 2021 | ₹5.00 | INTERIM |
| 13 Nov 2020 | 17 Nov 2020 | ₹6.00 | INTERIM |
| 11 Feb 2020 | 12 Feb 2020 | ₹11.00 | INTERIM |
| 11 Mar 2019 | 12 Mar 2019 | ₹11.00 | FINAL |
| 17 Sep 2018 | – | ₹1.75 | FINAL |
| 15 Feb 2018 | 19 Feb 2018 | ₹7.40 | INTERIM |
| 14 Sep 2017 | – | ₹2.65 | FINAL |
| 27 Feb 2017 | 28 Feb 2017 | ₹7.00 | INTERIM |
| 22 Aug 2016 | – | ₹5.10 | FINAL |
| 17 Feb 2016 | 18 Feb 2016 | ₹12.00 | INTERIM |
| 09 Sep 2015 | – | ₹2.70 | FINAL |
| 18 Feb 2015 | 20 Feb 2015 | ₹8.00 | INTERIM |
| 02 Sep 2014 | – | ₹1.75 | FINAL |
| 20 Feb 2014 | 21 Feb 2014 | ₹7.75 | INTERIM |
| 28 Aug 2013 | – | ₹1.50 | FINAL |
| 08 Feb 2013 | 11 Feb 2013 | ₹6.75 | INTERIM |
| 04 Sep 2012 | – | ₹2.50 | FINAL |
| 30 Jan 2012 | 31 Jan 2012 | ₹5.00 | INTERIM |
| 30 Aug 2011 | – | ₹4.00 | FINAL |
| 11 Feb 2011 | 14 Feb 2011 | ₹3.50 | INTERIM |
| 24 Aug 2010 | – | ₹3.50 | FINAL |
| 04 Jan 2010 | 05 Jan 2010 | ₹3.00 | INTERIM |
| 03 Sep 2009 | – | ₹2.50 | FINAL |
| 26 Feb 2009 | 27 Feb 2009 | ₹2.00 | INTERIM |
| 08 Sep 2008 | – | ₹3.00 | FINAL |
Also read – IRFC dividend history 2024 Record date, Ex date and Bonuses
REC Limited Bonus History
Rural Electrification Corporation Ltd. has given 2 bonuses since 28 September 2016. The last Bonus that company was announced in the ratio 1:3 with ex-dividend of 17 August, 2022.
| Ex-Bonus Date | Record Date | Bonus Ratio |
|---|---|---|
| 17 Aug 2022 | 18 Aug 2022 | 1:3 |
| 28 Sep 2016 | 29 Sep 2016 | 1:1 |
Merit and Demerits of Rural Electrification Corporation Limited
Every company has some strengths and weaknesses in market aspects. In present, this company (REC) also has its own set of pros and cons..
- The company has shown strong profit growth with a CAGR of 19.8% over the past five years, maintained a solid dividend payout ratio of 29.9% and improved its working capital efficiency have improved. over the past five years.
- The company’s interest coverage ratio is low, and it may be capitalizing the interest cost. (according to screener.in)
Also read
FAQs on REC Dividend History
1- How to earn dividends ?
Answer : To earn and potentially grow dividends, invest in established companies that regularly pay dividends, buy shares before the ex-dividend date, hold them through the record date, and consider reinvesting the dividends to compound returns.
2- Is Rural Electrification Corp. Ltd. giving dividends in 2024 ?
Answer : In this Calendar year, EC has declared dividend 3 times, amounting to total of ₹ 13 per share.
3- Does REC Limited pay dividends regularly ?
Answer : The REC Ltd has a good dividend track report and has consistently declared dividends for the last 5 years.
Disclaimer : All the information on this website is for educational purposes only, not for trading or advice. The data given here may also differ from the real-time and accuracy. We highly recommend to do your own research before making any investment.
