Dividend Alert: Shares of Maharatna PSU, REC Limited, will remain in focus on Monday, after the announcement of its first interim dividend for the financial year 2026-27. REC Limited announced 42.5% dividend, alongside its Q1FY27 result. The company reported 6% decline in net profit.
REC Limited stock closed 0.82% higher at Rs 361.45 per share on BSE with a market capitalisation of Rs 95,177.88 crore. The stock hit an intraday high mark of Rs 364.40 per share and an intraday low mark of Rs 355.00 per share on Friday.
REC Limited Dividend
The company's board of directors, on Friday, approved an interim dividend of 42.5%. "Declared 1st Interim Dividend of Rs 4.25/- (Rupees Four and Paise Twenty Five only) per equity share of Rs 10 each for the financial year 2026-27," stated the firm in its BSE filing, while notifying about the record date as well.
REC Limited Dividend Record Date
The company also fixed Friday, July 31 as dividend record date to determine the eligibility of shareholders. Investors must own the stock before the dividend record date to become eligible for the payout.
"The record date for reckoning the eligibility of shareholders for the purpose of payment of said interim dividend is Friday, July 31, 2026 and the said interim dividend shall be paid on or before August 23, 2026 to those shareholders, whose names appear (i) as beneficial owners in the statement(s) furnished by the depository(ies) as on the close of business hours on July 31, 2026 in respect of shares held in electronic form; and (ii) as members in the register of members on July 31, 2026 in respect of physical shares."
REC Limited Q1 Result
The power financier REC Limited reported a net profit of Rs 4,192.76 crore in Q1FY27, which is 6% lower than Rs 4,465.71 crore reported in the year-ago period. The consolidated total revenue rom operations was logged at Rs 14,434.92 crore during the quarter under review against to last year's Rs 14,816.59 crore.
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions
More Articles
- New India Assurance Share Price Soars 31% After NSE IPO DRHP Filing; Should You Buy This PSU Insurance Stock?
- PSU Dividend Dhamaka: THIS Indian Oil Subsidiary Announces 80% Dividend Payout: Do You Own? Check Record Date
- Dividend Paying Miniratna PSU Stock: Record Date Just 1 Day Away For Rs 2.03; Buy Balmer Lawrie Investments?
- Kolkata-Based PSU Stock To Pay Rs.4.25 Interim Dividend For FY26; Buy & Hold Till The Record Date?
- Rs 4 Dividend Confirmed By Miniratna PSU Company; Time To Buy The ONGC-Backed Stock?
- Dividend Alert! Navratna PSU SCI Declares Rs 163 Cr Payout; Here’s What Investors Need To Know