IRFC's board will consider the second interim dividend for the fiscal year 2024-25 today. The company has set March 21, 2025, as the record date. Investors are keenly watching the share.
Railway PSU: Shares of Indian Railway Finance Corporation (IRFC), a Navratna PSU, will be in investors' focus on Monday, March 17. The company's board of directors will consider the second interim dividend for the fiscal year 2024-25. This meeting is considered a crucial part of the company's upcoming financial planning.
Announcement of Dividend Record Date
IRFC has already announced the record date for the dividend. According to the company, March 21, 2025, is the designated record date. Shareholders holding the company's shares until this date will be entitled to receive the dividend. However, this decision is subject to the final approval of the board.
What the Regulatory Filing Says?
In a regulatory filing made on March 10, IRFC stated, "A meeting of the Board of Directors of the Company will be held on March 17, 2025, to consider, inter alia, the declaration of the second interim dividend for the financial year 2024-25 to the shareholders."
IRFC Share Performance: Multibagger Returns Despite Decline
IRFC shares have shown volatile performance in recent months.
Last one month: Share price down by 7%.
Year-to-date: Down by 22%.
Six months: Down by 30%.
Two years: Delivered 330% multibagger returns.
Market Cap and Trading Details
IRFC shares closed at ₹117.70 on Thursday (last trading session), down by 1.22%. The company's total market capitalization (market cap) is approximately ₹1.53 lakh crore.
