Record date for the said dividend has been fixed on Friday, March 21, the company said following its board meeting on Monday, March 17. A record date means shareholders who own shares of the company at that particular date will be eligible for the dividend payout.
The dividend will be paid to the shareholders within 30 days from the date of declaration of the second interim dividend.
This is the ninth instance for the state-run railway financier to issue a dividend payout to its shareholders.
Since its listing in 2021, IRFC has, only once, declared a dividend of or above ₹1 per share, which was the first time that it paid a dividend to shareholders since its listing.
The last five instances, starting 2022, IRFC has alternated between paying a dividend of either ₹0.8 per share or ₹0.7 per share to its shareholders.
In total, IRFC has, so far paid ₹7.05 per share as dividend to its shareholders.
Shares of IRFC will trade ex-dividend on the day or a day before the record date.
When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.
IRFC also falls into the list of those stocks, in which the government could potentially sell stake to comply with the Minimum Public Shareholding (MPS) norms.
The stock is a recent entrant into the Futures & Options Space. It does not have significant analyst coverage, as only one analyst on the street covers the stock.
Shares of IRFC have corrected from their 2024 peak and are trading close to their 52-week low. The stock is down 49% from its peak of ₹229.
The stock has made a 52-week low of ₹108. The government has a 86.36% stake in IRFC. The stock does not have analyst coverage.
IRFC shares are currently trading 0.86% higher on Monday at ₹118.70.
First Published: Mar 17, 2025 3:36 PM IST
