REC Limited, a public financial institution, provides financing services for power generation, transmission, and distribution projects in India. It primarily offers term-loan, medium-term loan, and short-terms loan. The company also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana for universal household electrification, Deen Dayal Upadhyaya Gram Jyoti Yojana, National Electricity Fund, Outage Management System, and 11kv Rural Feeder Monitoring Scheme, as well as acts as the bid process coordinator for selection of transmission service provider through tariff based competitive bidding process for independent inter-state and intra-state transmission projects; and provides implementation and consultancy services in power sector. It serves central/state government power utilities, as well as private sector power utilities. The company was formerly known as Rural Electrification Corporation Limited and changed its name to REC Limited in October 2018. REC Limited was incorporated in 1969 and is based in Gurugram, India. REC Limited is a subsidiary of Power Finance Corporation Limited.
REC Dividend Announcement
• REC announced a quarterly dividend of ₹4.00 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-11-08
• REC annual dividend for 2024 was ₹17.00
• REC annual dividend for 2023 was ₹14.10
• REC's trailing twelve-month (TTM) dividend yield is 3.05%
• REC's payout ratio for the trailing twelve months (TTM) is 6.65%
• REC's dividend growth over the last five years (2018-2023) was 9.03% year
• REC's dividend growth over the last ten years (2013-2023) was 5.51% year
REC Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | ₹4.00 | quarterly | 2024-11-22 |
2024-08-09 | ₹3.50 | quarterly | 2024-08-23 |
2024-06-28 | ₹5.00 | quarterly | 2024-09-19 |
2024-03-28 | ₹4.50 | quarterly | 2024-04-17 |
2023-11-13 | ₹3.50 | quarterly | 2023-11-30 |
2023-08-14 | ₹3.00 | quarterly | 2023-08-24 |
2023-07-14 | ₹4.35 | quarterly | 2023-10-06 |
2023-02-09 | ₹3.25 | quarterly | 2023-02-28 |
2022-11-07 | ₹5.00 | quarterly | 2022-11-24 |
2022-07-12 | ₹4.80 | quarterly | 2022-10-13 |
2022-02-15 | ₹6.00 | quarterly | 2022-03-03 |
2021-11-11 | ₹2.50 | quarterly | 2021-11-25 |
2021-09-16 | ₹1.71 | quarterly | 2021-10-21 |
2021-08-13 | ₹2.00 | quarterly | 2021-09-02 |
2021-03-18 | ₹5.00 | quarterly | 2021-03-30 |
2020-11-13 | ₹6.00 | quarterly | 2020-12-06 |
2020-02-11 | ₹11.00 | quarterly | 2020-02-24 |
2019-03-11 | ₹11.00 | quarterly | 2019-03-19 |
2018-09-17 | ₹1.75 | quarterly | 2018-10-15 |
2018-02-15 | ₹7.40 | quarterly | 2018-02-27 |
2017-09-14 | ₹2.65 | quarterly | 2017-10-09 |
2017-02-27 | ₹7.00 | quarterly | 2017-03-06 |
2016-08-22 | ₹5.10 | quarterly | 2016-10-04 |
2016-02-17 | ₹12.00 | quarterly | 2016-02-25 |
2015-09-09 | ₹2.70 | quarterly | 2015-10-07 |
2015-02-18 | ₹8.00 | quarterly | 2015-02-27 |
2014-09-02 | ₹1.75 | quarterly | 2014-10-01 |
2014-02-20 | ₹7.75 | quarterly | 2014-02-28 |
2013-08-28 | ₹1.50 | quarterly | 2013-09-27 |
2013-02-08 | ₹6.75 | quarterly | 2013-02-18 |
REC Dividend per year
REC Dividend growth
REC Dividend Yield
REC current trailing twelve-month (TTM) dividend yield is 3.05%. Interested in purchasing REC stock? Use our calculator to estimate your expected dividend yield:
REC Financial Ratios
REC Dividend FAQ
Other factors to consider when evaluating REC as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: REC's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, REC publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, REC distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from REC are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: REC sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, REC distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: REC declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of REC's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review REC's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.