Board of REC Ltd approves dividend for FY 2022-23

New Delhi: The board of the state-owned REC Limited approved the final dividend for the financial year 2022-23, said the company in a regulatory filing on Saturday. For deciding and approving the final dividend, the board met on Saturday and recommended the final dividend of Rs 4.35 per equity share of Rs 10 each. Further, the filing also said that the recommendation would only be finalised after the approval of shareholders in the upcoming Annual General Meeting.

Total dividend for the FY 2022-23 is Rs 12.6 per share

Further, the filing said, "This is in addition to the Interim Dividends of Rs 8.25 per equity share already declared and paid during the financial year 2022-23 in two tranches, thereby making total dividend for the financial year 2022-23 to Rs 12.6 per share."

July 14 fixed as record date

Also, the final dividend, if declared will be paid within 30 days from the date of declaration in the AGM. The board has fixed Friday, July 14 as the record date for determining the eligibility of members for payment of the final dividend.

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