IRFC Dividend 2024: Multibagger Railway PSU Firm Announces Bumper Cash Reward; Check IRFC Q4 Results

Railway PSU IRFC said the final dividend for the financial year 2023-24 will be paid to the shareholders within 30 days from the date of AGM. IRFC dividend 2024 announcement, IRFC dividend payment date, IRFC q4 results - check all details here.
IRFC Dividend 2024 Announcement! Multibagger Railway PSU Firm Bumper Cash Reward

IRFC Dividend 2024 Announcement! Multibagger Railway PSU Firm Bumper Cash Reward. Image Source: CanvaPro

Railway PSU stock Indian Railway Finance Corporation (IRFC) Ltd has announced to reward the shareholders with a final dividend for the financial year 2023-24. This is in addition to the interim dividend of Rs 0.80 per equ]ty share declared on 2nd November 2023. The company announced the cash reward while announcing the quarterly earnings report. The miniratna PSU under administrative control of Ministry of Railways reported a 34 per cent rise in its profit to Rs 1,717.3 crore for the March 2024 quarter on account of higher income. It had clocked a profit of Rs 1,285.2 crore during the fourth quarter of the last fiscal.

IRFC Dividend 2024 Announcement

The board of the company approved a final dividend of 70 paise per share for the FY 2023-24. This is in addition to the interim dividend of 80 paise per equ]ty share declared on 2nd November 2023, thereby making total dividend for the Financial Year 2023-24 to Rs 1.50 per share, on the face value of Rs 10 each.

IRFC Dividend 2024 Record Date News

The Railway PSU company is yet to fix the record date to ascertain the eligibility of shareholders for the corporate action.

IRFC Dividend 2024 Payment Date

The final dividend for the financial year 2023-24 of 70 paise per share, if declared at the ensuing AGM, will be paid to the shareholders within 30 days from the date of AGM, the company said in a statement.

IRFC Q4 Results 2024

The state-owned company's total income rose to Rs 6,477.9 crore in the January-March quarter from Rs 6,230.2 crore in FY23. During the period under review, its expenses stood at Rs 4,760.6 crore as against Rs 4,945 crore a year ago. The board of directors also approved the raising of resources for the financial year 2024-25 up to Rs 50,000 crore from both domestic and international markets. It will be raised "through a prudent mix of tax-free bonds, taxable bonds on private placement or public issue basis", including capital gain bonds, government guaranteed bonds, and government serviced bonds.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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