REC Dividend 2020: REC Ltd Dividend Record Date, History, Payment Date, Payment Date, Payout Date, dividend history, Interim & Final Dividend per share
REC (Rural Electrification Corporation ltd) posts 66% jump in net profit at Rs 2,197 cr in September quarter.
Its consolidated net profit had stood at Rs 1,322.47 crore in the corresponding quarter of the previous financial year, according to a BSE filing.
The company’s total income during July-September 2020 rose to Rs 8,822.10 crore, from Rs 7,659.30 crore in the year-ago period.
The board has approved payment of interim dividend of Rs 6/- per equity share.
The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, has being fixed as Tuesday, November 17, 2020.
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REC Dividend Details
|REC Dividend Type||INTERIM|
|REC Dividend Price||Rs. 6/-|
|REC Dividend Announcement Date||06.11.2020|
|REC Dividend Ex-Dividend Date||16.11.2020|
|REC Dividend Record Date||17.11.2020|
|REC Dividend (%)||60%|
|REC Dividend Payment Date||03.12.2020|
|REC Quarterly Result||September Q2|
|Face Value (FV):||10|
|Board Meeting held on||06.11.2020|
REC Dividend Important Dates
REC Dividend Price
|Rs. 6/- per equity share|
REC Dividend Record Date
|17th November 2020|
REC Dividend Payment Date
|December 3, 2020|
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REC Dividend History
You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and Special), and Percentage of Dividend given information for REC Limited.
• Declared interim dividend of Rs. 6/- per equity share of face value of Rs. 10/-
each for the financial year 2020-21.
• The Company has fixed 20th Nov’ 2d as the “Record Date” for the purpose of payment of Interim Dividend on Equity Shares for the Financial Y ear 2020-21, if declared by the Board’. The Date of payment of interim dividend is on and from December 3, 2020.
Dividend History for REC (Rural Electrification Corporation Limited)
|Announcement||Record Date||Dividend Type||Dividend %||Dividend Price|
Latest Dividends 2020
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Are you Eligible for Dividend?
To determine whether you should get a dividend, you need to look at two important dates. They are the “record date” or “date of record” and the “ex-dividend date” or “ex-date.”
When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend.
Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
What’s the Difference Between the Record Date and Ex-Dividend Date?
What Is Record Date?
The record date, or date of record, is the cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend.
The determination of a record date is required to ascertain who exactly a company’s shareholders are as of that date, since shareholders of an actively traded stock are continually changing. The shareholders of record as of the record date will be entitled to receive the dividend or distribution, declared by the company.
What is Ex-Dividend Date?
The ex-dividend date (or ex-date) of a stock is dictated by stock exchange rules and is usually set to be one business day before the record date.
In order for an investor to receive a dividend payment on the listed payment date, they would need to have their stock purchase completed by the ex-dividend date. If the stock sale has not been completed by the ex-dividend date, then the seller on record is the one who receives the dividend for that stock.
REC Ltd. Dividend FAQs
Company declared interim dividend of Rs.6/- per equity share of face value of Rs.10/- each for the financial year 2020-21.
The REC ltd dividend record date is Tuesday, November 17, 2020.
REC ltd dividend payout date is on and from December 3, 2020.