REC DIVIDEND 2020 With Record, Payment Detail And History - Rural Electrification Corporation ltd

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.

    rec dividend 2020

    REC Dividend Percentage & Record Date

    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
    Financial year 2020-21
    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

    REC ( Rural Electrification Corporation LTD ) Dividend History

    Announcement Record Date Dividend Type Dividend % Dividend Price
    03/11/2020 17/11/2020 Interim 60% Rs.6/share
    28/01/2020 11/02/2020 Interim 110% Rs.11/share
    28/02/2019 11/03/2019 Interim 110% Rs.11/share
    28/05/2018 17/09/2018 Final 18% Rs.1.75/share
    06/02/2018 15/02/2018 Interim 74% Rs.7.40/share
    31/05/2017 14/09/2017 Final 26% Rs.2.65/share

    About REC ( Rural Electrification Corporation LTD ) 

    REC came into being in 1969 to articulate a response to the pressing exigencies of the nation. During the time of severe drought, the leaders sought to reduce the dependency of agriculture on monsoons by energizing agricultural pump-sets for optimized irrigation. Thereafter, we have ventured into newer paths and expanded our horizons to emerge today, as a leader in providing financial assistance to the power sector in all segments, be it Generation, Transmission or Distribution.

    We are a Navratna company under the Ministry of Power. We fund our business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings, on our own. Domestically, we hold the highest credit ratings from CRISIL, ICRA, IRRPL and CARE and internationally we are rated at par with the sovereign ratings. Under the discerning leadership of highly qualified and experienced professionals, which has effectively harnessed the individual talents of all our employees, we have maintained consistent profit margins and paid dividends each year since fiscal 1998. We have thus propelled ourselves to a net worth of over ₹40,000 crore.