In a recent board meeting, REC Limited announced the approval of its fourth interim dividend for the fiscal year 2025.
The company declared a payout of Rs 3.6 per share, bringing the total dividend for FY25 to Rs 15.4 per share.
The record date for the dividend has been set for March 26, 2025, ensuring shareholders holding REC stocks on that date are eligible. The dividend is expected to be credited to shareholders by April 16, 2025.
Following the announcement, REC shares gained nearly 2% during Wednesday’s trading session, closing at ₹428.60 on the Bombay Stock Exchange.
Brokerage firm CLSA reaffirmed its “outperform” rating on REC, maintaining a target price of Rs 590. The firm highlighted REC’s stable asset quality over the past two years and noted potential write-backs of Rs 2,200-2,500 crore from pending bad loans.
Stay tuned for further updates as REC continues to strengthen its position in the market.
