Dividend paying stock to consider bonus share issue. Details here

  • Dividend paying stock: Board of directors of REC Limited will consider issue of bonus share on 30th June 2022

Asit Manohar
Updated24 Jun 2022, 09:30 AM IST
Trade Now
Dividend paying stock: REC Ltd has announce interim dividend of  <span class='webrupee'>₹</span>2.50 and  <span class='webrupee'>₹</span>6.00 per equity share on two occasions in FY22.
Dividend paying stock: REC Ltd has announce interim dividend of ₹2.50 and ₹6.00 per equity share on two occasions in FY22.(MINT)

Dividend paying stock REC Ltd is going to consider issuance of bonus shares on 30th June 2022. In its meeting on 30th June 2022, board of directors of REC Limited will consider the proposal for issue of bonus shares to the equity shareholders of the company. The board is expected to decide ratio of bonus shares in this meeting as well. Bonus shares, if approved, will be another good news for shareholders as the company has already given interim dividend of 6 per equity share for the financial year 2022.

REC Limited informed Indian exchanges about the bonus shares citing, "In terms of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that a meeting of the Board of Directors of REC Limited will be held on Thursday, June 30, 2022 inter-alia to consider a proposal for issue of Bonus shares to the equity shareholders of the Company in the ratio, as it may deem fit by way of capitalization of reserves, subject to approval of shareholders."

In view of the above, the trading window of REC Limited shall remain closed for all designated persons and their immediate relatives from June 20, 2022 till 48 hours after the declaration of the financial results for the quarter ending June 30, 2022, for trading in equity shares and listed securities (tax free bonds etc). The trading window will open 48 hours after the declaration of the financial results for the quarter ending June 30, 2022.

In financial year 2021-22, REC Limited has announced interim dividend twice. It turned ex-dividend stock on 11th November 2021 and 15th February 2022. In November 2021, company had announced an interim dividend of 2050 per equity share whereas in February 2022, interim dividend given was 6 per equity share. Hence, net interim dividend paid in FY22 is 8.50 ( 2.50 + 6.00).

As REC share price today on BSE is 118.70 apiece, and interim dividend paid in FY22 is 8.50 per equity share, net annual dividend yield of the dividend paying stock stands at around 7.15 per cent.

Catch all the Budget News , Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess

News in Numbers

Numbers that help you understand news better
$13 B

26%

4.47 M

70%

₹70,936 Cr

$13 B

26%

4.47 M

70%

18

₹70,936 Cr

58

100

$81 M

₹3,000 Cr

₹15,399 Cr

₹1.28 T

4,275 Kms

First Published:24 Jun 2022, 09:30 AM IST
HomeMarketsStock MarketsDividend paying stock to consider bonus share issue. Details here

Most Active Stocks

Tata Steel

160.30
03:59 PM | 24 JUL 2024
0.25 (0.16%)

Bharat Electronics

300.15
03:52 PM | 24 JUL 2024
-1.35 (-0.45%)

NTPC

392.55
03:50 PM | 24 JUL 2024
10.2 (2.67%)

Federal Bank

201.45
03:58 PM | 24 JUL 2024
3.45 (1.74%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Castrol India

270.60
03:56 PM | 24 JUL 2024
24.05 (9.75%)

HBL Power Systems

648.35
03:58 PM | 24 JUL 2024
54.6 (9.2%)

ICICI Prudential Life Insurance Company

693.90
03:49 PM | 24 JUL 2024
56.3 (8.83%)

Borosil Renewables

560.70
03:57 PM | 24 JUL 2024
42.45 (8.19%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    71,412.00-3,783.00
    Chennai
    70,716.00-4,406.00
    Delhi
    70,716.00-4,332.00
    Kolkata
    70,716.00-4,845.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.78/L0.03
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanBudget