Dividend stock: IRCTC share price in focus as stock trades ex-dividend today
Stock in focus: Indian Railway Catering and Tourism Corporation or IRCTC share price will be under scruitiny of Indian stock market observers and investors during Friday deals as the Indian Railways' PSU stock is trading ex-dividend today. The board of directors of the company has declared ₹2.50 per share interim dividend for the financial year 2023-24. The dividend stock also fixed 17th November 2023 as record date for finalisation of eligible shareholders for interim dividend payment.
Informing Indian stock market exchanges about interim dividend, IRCTC said, "The Board of Directors of the Company at its 132" meeting held on Tuesday, November 07, 2023 has inter-alia: a) Declared an Interim Dividend of Rs.2.50/- per share on Equity Shares of face value of Rs.2/- each for the FY 2023-24 (i.e., @125% of the paid-up share capital amounting to Rs.160 Crore). b) Fixed Friday, 17" November, 2023 as the Record Date for the purpose of payment of Interim Dividend of the FY 2023-24." Tata Technologies IPO: GMP jumps. Date, price, other details This is third occasion when IRCTC is trading ex-dividend in 2023.
Prior to this, IRCTC traded ex-dividend on 18th August 2023 for finalising list of eligible IRCTC shareholders for payment of ₹2 per share final dividend for the financial year 2022-23. On 22nd February 2023, IRCTC shares traded ex-dividend for the first time for payment of ₹3.50 per share interim dividend to its eligible shareholders. Day trading guide for stock market today: Six stocks to buy or sell on Friday So, IRCTC has declared total dividend of ₹8 per share ( ₹3.50 + ₹2.00 + ₹2.50).
At the end of December 2022, IRCTC share price was around ₹635 per share levels. So, IRCTC dividend yield in 2023 is 1.25 per cent. In
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