Maharatna PSU REC Ltd share price today gained 0.86% on Bombay Stock Exchange (BSE) after the company informed about its upcoming meeting of Board scheduled to be held on May 8, 2025. The record date for the dividend is yet to be fixed. The PSU maintains an attractive dividend yield of 4.83%. REC Limited share price plunged 35.23% from 52-week high price of Rs 653.90 per share if today’s current price of Rs 423.50 is taken into perspective. Meanwhile, the company has a market capitalisation of Rs 1,11,517.04 crore. The return on equity or ROE of the PSU stood at 21.25%. Stake of Life Insurance Corporation of India (LIC) in REC stood at 1.35% that has been stable since September 2024. The LIC stake stood at 1.07% for June 2024 quarter. Check more details below:
REC Ltd To Consider Results, Dividend
According to the regulatory filing of the PSU dated May 5, 2025, “This is to inform that a meeting of the Board of Directors of REC Limited (“REC” / “the Company”) will be held on Thursday, May 8,2025 inter-alia for the following:
1. To consider and approve audited financial results (standalone & consolidated) of the Company for the quarter and year ended March 31 , 2025.
2. To consider and recommend final dividend, if any, for the financial year 2024-25.”
REC Shares Performance
The 52-week high price of REC Ltd shares on BSE is Rs 653.90 per share (as on 12/07/2024) and 52-week low price is Rs 357.45 per share (as on 28/02/2025), respectively. REC shares slipped 4.34% in last 2-weeks, gained over 4% in last 1-month, and plunged 19.56% in last 6-months. The stock declined 24.06% in last 1-month but delivered multibagger returns of 219.86% in last 2-years. In last 3-years, REC shares skyrocketed 357.94% and rose 526.66% in last 5-years.
REC Dividend History
Earlier this year on May 19, 2025, Board of REC considered and declared 4th interim dividend @ Rs 3.60/- (Rupees Three and Paise Sixty only) per equity share on 10/ – each for the financial year 2024-25.” The record date was fixed as March 26, 2025. Meanwhile, it has declared a total of 40 dividends since 2008. In last 1-year, REC Ltd recommended an equity dividend amounting to Rs 21.30 per share. At last trading price of Rs 430.15, REC offers a dividend yield of 4.95%.
REC Bonus Shares History
It announced bonus shares twice since 2016. The last bonus issue was declared in the ration of 1:3 with ex-bonus date set as August 17, 2022.
REC Financials Compared With Peer Group
REC declared profit after tax (PAT) for December 2024 quarter at Rs 1274.56 crore. In comparison, PFC announced its PAT at Rs 2075.84 crore, HUDCO’s PAT reported at Rs 688.62 crore, and IFCI declared a PAT of Rs -37.66 crore for the similar quarter.
About REC
REC is a ‘Maharatna’ company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). It came into existence in 1969 to energise agricultural pump-sets for irrigation purposes, thereby reducing the dependency of agriculture on monsoons. REC covers the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Green Hydrogen etc, according to its official website.
Disclaimer: The story highlights upcoming Board meeting for dividend, Q4 results and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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