100% Dividend: Miniratna Co To Pay Final Dividend To Shareholders, Sets Record Date

Shares of Indian Railway Catering and Tourism Corporation Ltd (IRCTC) witnessed a rally of 1.72% on Friday, July 28 after the Miniratna company fixed August 18, 2023 as the record date for final dividend. Last trading price of IRCTC share is Rs 630.55 apiece on BSE. IRCTC stock zoomed 1.21% in last 1-week and offered shareholders return of 2% in last 3-months. Check details below:

IRCTC Fixes Record Date For Dividend: According to the BSE filing of IRCTC dated July 28, 2023, "This is in reference to our letter of even no. dated July 28, 2023, vide which, it has been informed that Company has fixed Friday, August 18, 2023 as the "Record Date" for the purpose of determining the members entitle to receive final dividend for the financial year 2021-22. It is also provided that the dividend, if declared at the AGM, will be paid within a period of 30 (thirty) days from the conclusion of the AGM."

IRCTC Recommended Rs 2 Per Share Dividend On May 29: Board of directors of IRCTC earlier this year on May 29 announced dividend and stated in its BSE filing, "Recommended a Final Dividend of Rs.2/- per equity share of face value of Rs. 2t- eachfor the financial year 2022-23 l@1oa% of the paid-up share capital of Rs. 160' cr.l, ,rffi io tne approval of shareholders in the forthcoming Annual Generat Meeting. This Final Dividend is in addition to the lnterim Dividend of Rs.3.50/- per share dectared by the Board of Directors in the month of February 2023 and already paid to the shareholders."

IRCTC Dividend History: The company announced 7 dividends since February 24, 2023. In past 12 months, IRCTC announced an equity dividend amounting to Rs 5.00 per share. If the current market price of IRCTC share is taken into perspective, it offers a dividend yield of 0.79%.

IRCTC Stock Performance & Return: Last trading price of IRCTC share is Rs 630.55 apiece. Its 52-week high price is Rs 775.00 per share and 52-week low price is Rs 557.15 per share, respectively. Its market capitalisation is Rs 50,444.00 crore. The mid cap company offered maximum return to investors in last 3-years at 134%, rallied 38%, and 5% return in last 1-year.

IRCTC Financial Outlook: The company for ended March 31, 2023 declared its standalone total Income at Rs 1,004.28 crore, up 5.85 % as against its last quarter total income of Rs 948.82 crore. It announced its latest quarter net profit after tax at Rs 278.80 crore.

About IRCTC: Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a "Mini Ratna (Category-I)" Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems. The authorized capital of the company is 250 crores and paid up capital is 160 crores. It's registered and Corporate Office is situated at New Delhi.

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