IRFC, RailTel dividend record date nears. Check last day to buy these PSU stocks to avail corporate action benefit
Dividend stocks: The dividend record date for Indian Railway PSU stocks IRFC and RailTel is March 12. Investors must buy shares today to receive dividends. IRFC declared a dividend of ₹1.05 per share while RailTel announced ₹1 per share, with payments scheduled for March 24.
Dividend stocks: The record date for railway PSU stocks — Indian Railway Finance Corporation (IRFC) and RailTel Corporation of India — is slated for Friday, March 12. This means that IRFC and RailTel will trade ex-dividend date tomorrow.
Investors looking to bank on the dividend payment need to understand that only those whose names appear on the registrar's list as of Friday will be eligible to receive the dividend.
Since the Indian stock market follows a T+1 settlement system, today is the last day to buy these shares. If you purchase these dividend stocks tomorrow, they will be debited to your account on Monday, and hence will miss out on the corporate action benefit.
IRFC dividend details
PSU stock IRFC's board earlier this week, on March 9, approved a second interim dividend of ₹1.05 per equity share of ₹10 each for the financial year 2025-26 (FY26).
The company had fixed Friday, March 13, as the record date for the said dividend. Since the IRFC dividend record date is tomorrow, investors need to purchase the stock today to avail this action.
IRFC said, "The interim dividend shall be paid within 30 days from the date of its declaration to those shareholders, whose names appear as beneficial owners in the statement(s) furnished by the depository as on the close of business hours on Friday, 13th March 2026."
According to Trendlyne data, IRFC has declared an equity dividend amounting to ₹1.85 per share in the past 12 months, resulting in a dividend yield of just 1.85%.
RailTel dividend details
On the same day as IRFC, RailTel's board also announced a second interim dividend for its shareholders. RailTel announced a dividend of ₹1 per share and fixed March 13 as the record date for the purpose of payment.
The date of payment of dividend shall be Tuesday, March 24, the railway PSU stock said in an exchange filing on Monday.
In the past 12 months, RailTel Corporation has declared an equity dividend amounting to ₹2.85 per share, suggests Trendlye data. This results in a dividend yield of 0.99%.
IRFC, RailTel share price trend
Ahead of the dividend record date, RailTel share price was trading over 2% higher at ₹289.75, defying the weak trend in the Indian stock market today.
RailTel share price has remained flat in a year, while it has lost 25% in two years. The PSU stock has jumped 166% in three years, according to BSE data.
Meanwhile, IRFC share price was also marginally higher by 1% at above ₹100 apiece today. This railway PSU stock has fared poorly over the last two years, even as it has delivered multibagger gains on a longer time frame.
According to BSE data, IRFC share price has lost 16% in a year and 27% in two years, but rallied a whopping 257% in three years and 303% in five years.
Disclaimer: This story is for educational purposes only. We advise investors to check with certified experts before making any investment decisions.
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Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.<br> At Mint, Saloni has been part of the markets team for nearly two years, where she currently works as Chief Content Producer. In this role, she plays a key part in shaping market coverage, driving editorial strategy, and ensuring timely, accurate, and insightful reporting across. She has been closely involved in breaking news coverage and in crafting stories that help decode the complex financial developments.<br> Before joining Mint, Saloni worked with some of India’s leading business newsrooms, including The Economic Times and Business Standard. Throughout her career, she has worn multiple hats—ranging from reporting and editing to contributing in-depth features and identifying new storytelling formats and market trends.<br> Her experience in fast-paced digital newsrooms has given her an edge in simplifying complex market concepts without losing analytical depth. Outside of work, Saloni enjoys reading books and spending time with her pet.
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