Rs 2/Share Dividend: Miniratna CPSE Fixes Record Date For Final Dividend As August 18

Midcap Services Sector Mini Ratna Status Company, Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) on Friday, July 28, in a regulatory filing informed the exchange that it has fixed the 'Record Date' as Friday, Aug 18, 2023, for the Final Dividend. The Said Dividend, if declared, at the AGM will be paid within the 30 days period from the AGM.

On May 29, 2023, the Board recommended the Final Dividend of Rs 2 per equity share of Face value of Rs 2 each for the Financial Year 2022-23. This final Final Dividend is in addition to the interim dividend of Rs 3.59 per share declared by the Board in February 2023 and already paid to the shareholders.

Record Date For Final Dividend

According to the exchange filing by the Board of Directors of IRCTC Ltd., "The 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 2022-23. The dividend, if declared at the AGM, will be paid within a period of 30 (thirty) days from the conclusion of the AGM."

Final Dividend

According to the Board of Directors of the company, "Recommended a Final Dividend of Rs.2/- per equity share of face value of Rs. 2/- each for the financial year 2022-23 [@100% of the paid-up share capital of Rs. 160 cr.], subject to the approval of shareholders in the forthcoming Annual General Meeting. This Final Dividend is in addition to the interim Dividend of Rs.3.50/- per share declared by the Board of Directors in the month of February 2023 and already paid to the shareholders;"

Stock Movement

The traded share price of IRCTC on BSE is Rs 630.55 apiece, up 1.72% from its previous close of Rs 619.90 apiece. It hit an intraday high of Rs 631.75 and an intraday low of Rs 618.25 on Friday.

The stock jumped 1.21% in the past 1 week. In 3 and 6 months, it jumped 2.11% and 2.99%, respectively. In 1 year, it jumped 4.73%. In 2 and 3 years, it jumped 38.13% and 134.34%, respectively.

The stock's 52-week-low is Rs 557.15 apiece and its 52-week high is Rs 775 apiece on BSE.

About - Indian Railway Catering & Tourism Corporation of India Ltd.

Indian Railway Catering & Tourism Corporation of India Ltd. (IRCTC) is a "Mini Ratna (Category-I)" Central Public Sector Enterprise under the Ministry of Railways, Government of India. IRCTC work as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and in other locations and to promote domestic and international tourism through the 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. The company has a market cap of Rs 50,444 Crore.

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