REC share price rises ahead of dividend announcement

REC's share price increased for the third consecutive session on Tuesday morning, reaching ₹ 416.75 at the start of trading. The stock quickly climbed to a high of ₹ 418.70 within minutes. The rise comes as the Indian public sector company plans to hold a board meeting on March 19, 2025. During this meeting, the board will consider approving the fourth interim dividend for the financial year 2024-25. If approved, this will be REC's fourth interim dividend this financial year. The company previously paid its first interim dividend of ₹ 3.50 per share on August 9, 2024. It followed that with dividends of ₹ 4 and ₹ 4.30 on November 8, 2024, and February 14, 2025, respectively. So far this financial year, shareholders have received a total of ₹ 11.80 in dividends per share. This marks a dividend yield of about 2.56%, which could increase with the new dividend announcement on Wednesday. Investors are advised to consult financial experts before making any investment decisions, as this news develops.