IRFC Dividend Date 2025: Indian Railway Finance Corporation Ltd shares gained nearly 2 per cent to trade at an intraday high of Rs 119.72 apiece on the NSE on March 17. IRFC shares have closed lower for four straight sessions, declining nearly 5 per cent between March 7 and March 13. The stock gained after the company said that it would hold a meeting of its Board of Directors to consider the declaration of a dividend.
A dividend is a monetary reward which companies give to their shareholders from their profits. Typically dividends are paid as a fixed amount per share of stock. Investors often look forward to the announcement of dividends.
Earlier on March 10, the company informed the exchanges that a meeting of its Board of Directors of the Company is scheduled to be held on March 17 to consider the declaration of a second interim dividend for the shareholders of the company for the financial year 2024-25.
"...this is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 17th March 2025, inter-alia, to consider declaration of Second Interim Dividend to the shareholders of the company for the financial year 2024-25,” IRFC said.
The Navratna PSU also mentioned in the filing that it has set March 21, 2025, as the record date for determining the eligibility of shareholders to receive the dividend.
“Further, in accordance with Regulation 42 of SEBI (Listing Obligation Disclosure Requirements) Regulations, 2015, the Record date for determining the entitlements of the shareholders for the payment of aforesaid Second Interim Dividend shall be Friday, 21st March, 2025, subject to the approval of Second Interim Dividend by the Board of Directors,” the company said.
In the current settlement system, investors must hold the shares of a company on the record date and buy the shares prior to the ex-date to be eligible to receive dividends. Buzz around the declaration of the dividend by the board of the public sector undertaking is likely to have contributed to IRFC’s share price gaining on March 17.
IRFC Dividend History
The public sector company announced an interim dividend of Rs 0.8 per share earlier in October 2024. Notably, this was the first interim dividend announced by the company for FY 2024-25. The company has consistently declared dividends since 2021.
IRFC Share Price History
IRFC shares have traded with a negative trend in the past year. The stock has declined over 16 per cent on the NSE in a year. On a Year-to-Date (YTD) basis, the stock has fallen more than 21 per cent. In six months shares of the company have declined nearly 27 per cent. In a month the stock has fallen over 7 per cent and in five days the company’s shares have declined nearly 5 per cent. At the time of writing shares of IRFC Ltd traded at Rs 118.4 up by 0.6 per cent on the NSE.
