IRFC sets March 21 as dividend record date

Indian Railway Finance Corporation (IRFC) has announced a second interim dividend of Rs 0.80 per share for the financial year 2024-25. The record date for this dividend is set for March 21, 2025. Shareholders who own shares by this date will be eligible to receive the dividend. The payment of the dividend is expected to be credited to shareholders' accounts by April 17, 2025. The company stated that the dividend will be dispatched within thirty days from the announcement date. This dividend follows an earlier interim dividend of Rs 0.80 per share for the same financial year, which was declared in November 2024. Shareholders should be aware that if tax is deducted on the dividend at a higher rate, they can claim a refund when filing their income tax returns. IRFC is an important financial institution for Indian Railways, created to secure funding from various markets for railway projects. The company has been operational since December 1986.