IRFC Sets Aug 22 as Record Date for Dividend

Indian Railway Finance Corporation Ltd, a Railway PSU, has set August 22 as the record date for its final dividend. The company's Annual General Meeting (AGM) will take place on August 29. The current market price of Indian Railway Finance Corporation Ltd shares on the BSE is Rs 176.30 per share, with a 1.76% decrease in trading today. Over the past week, Indian Railway Finance Corporation shares have experienced a 9.80% correction.

IRFC Sets Record Date For Dividend: As per the BSE filing of IRFC issued on August 6, 2024, "it is informed that the Company has fixed the following dates in connection with the 37th AGM & payment of Final Dividend: -

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Thursday, 22nd August 2024 has been fixed as the "Record Date" to determine the members entitled to receive the final dividend for the financial year 2023-24. The final dividend, if declared at the AGM, will be paid within 30 (thirty) days from the conclusion of the AGM."

37th Annual General Meeting (AGM) of Indian Railway Finance Corporation Limited (IRFC) will be held on Thursday, 29th August 2024."

The Indian Railway Finance Corporation (IRFC) has announced 6 dividends since February 17, 2021. Over the past year, IRFC has declared an equity dividend of Rs 1.50 per share. Based on the current share price of Rs 176.30, the dividend yield for Indian Railway Finance Corporation stands at 0.85%.

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IRFC is a Schedule 'A' Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as Systemically Important Non-Deposit taking Non Banking Financial Company (NBFC - ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI).

In more than 30 years of existence, IRFC has played a significant role in supporting the expansion of the Indian Railways and related entities by financing a significant proportion of its annual plan outlay, according to its official website.

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