On March 17, 2025, the Indian Railway Finance Corporation (IRFC) made a significant announcement regarding its financial performance. The company revealed that it will be distributing a second interim dividend of ₹0.80 per share for the fiscal year 2024-2025. This move comes as part of IRFC’s commitment to rewarding its shareholders and reflects the company’s ongoing financial health.
Dividend Announcement Details
The decision to declare this second interim dividend was made during a board meeting held on the same day. According to IRFC’s exchange filing, the board approved this distribution, emphasizing the company’s robust performance and commitment to its investors.
- Dividend Amount: ₹0.80 per share
- Record Date: March 21, 2025
- Payment Timeline: Within 30 days of declaration
The record date is crucial as it determines which shareholders are eligible to receive the dividend. In accordance with the T+1 settlement cycle, the ex-date will align with the record date, meaning that all corporate actions, including dividends, will be finalized on the same day.
Share Performance Insights
After a challenging streak of losses, IRFC’s share price showed signs of recovery, ending at ₹118.75, marking a 0.89% increase on the same day. Following a steep decline of 26% in February, the stock has attracted renewed buying interest, with a nearly 6% gain recorded so far in March.
Yearly Performance Overview
- 52-Week Low: ₹108.05 (March 3, 2025)
- 52-Week High: ₹229.05 (July 15, 2024)
- Annual Loss: Over 13%
Despite the recent uptick in trading, IRFC’s stock performance over the past year has been underwhelming. Investors are keenly watching how the company’s current strategies will impact future growth and share value.
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