The Indian Railway Finance Corporation (IRFC) is set to capture the attention of investors on Monday as its board gathers to discuss the potential declaration of a second interim dividend for the fiscal year 2024-2025. As a prominent Navratna Public Sector Undertaking (PSU), IRFC plays a crucial role in financing the Indian Railways, making its financial decisions significant for shareholders.
Board Meeting for Dividend Consideration
On March 17, 2025, the board of directors of IRFC will convene to deliberate on the dividend proposal. A recent regulatory filing dated March 10 highlights the meeting’s agenda, indicating that the board will assess the distribution of the second interim dividend to its shareholders.
- Date of Meeting: March 17, 2025
- Purpose: To consider a second interim dividend
- Fiscal Year Focus: 2024-2025
Key Dates for Shareholders
IRFC has also announced the record date for the dividend. Shareholders should note that March 21, 2025, is the critical date for determining eligibility for the upcoming dividend payout. According to the SEBI (Listing Obligation Disclosure Requirements) Regulations, 2015, this record date will help establish which shareholders are entitled to receive the dividend, pending approval from the board.
- Record Date: March 21, 2025
- Significance: Finalizes eligible shareholders for dividend distribution
- Settlement Cycle: Ex-date and record date align on the same day
IRFC Stock Performance Overview
In terms of stock performance, IRFC shares have experienced a decline of 7% over the past month and a substantial 22% drop year-to-date. Over the last six months, the stock has seen a decrease of 30%. However, looking at a broader timeline, IRFC shares have shown remarkable growth, delivering a 330% multibagger return over the last two years.
- Recent Stock Price: ₹117.70
- Market Capitalization: Over ₹1.53 lakh crore
- Year-to-Date Decline: 22%
- Six-Month Decline: 30%
- Two-Year Growth: 330%
Conclusion
Investors will be eagerly watching IRFC’s board meeting outcomes as the potential dividend announcement could influence share prices and investor sentiment. With its robust historical performance juxtaposed against recent declines, the upcoming decisions will be pivotal for both the company and its shareholders. For more updates on stock market trends, consider checking resources that specialize in financial news and analysis.
