IRCTC Dividend: Railway PSU stock IRCTC is going to give dividend to its shareholders. The government company had announced to give 200 percent dividend to the shareholders on each share with face value of Rs 2 for the financial year 2023-24. According to this, every shareholder of the company will be given a dividend of Rs 4 on every share. IRCTC had already fixed the record date for payment of dividend, which is now very close.
When is the record date for payment of dividend
IRCTC had informed the stock market exchanges BSE and NSE that the record date for this dividend of Rs 4 to be given for the financial year 2023-24 has been fixed on Friday, August 23. This simply means that the dividend given by IRCTC will be paid only to those investors whose portfolio will have the shares of the company till August 23.
If you want dividend then buy shares by August 22
Along with this, one more thing to note is that if you are also planning to buy the company’s shares for dividend, then you will have to buy the shares by August 22. If you buy shares on August 23, then you will not get dividend.
PSU stocks are trading in losses on Tuesday
At the time of writing the news, IRCTC shares were trading at Rs 936.10, down by Rs 1.60 (0.17 per cent). On Monday, the railway PSU stock closed at Rs 937.70. Let us tell you that today the Indian stock market once again opened in the green mark. The 30-share BSE Sensex opened with a gain of 297.86 points at 80,722.54 points. On the other hand, the NSE Nifty 50 of 50 shares also opened with a gain of 76.25 points at 24,648.90 points. Let us tell you that today is the third consecutive day when the stock market has opened with a gain.
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