Good news about REC shares! Next week, something called ‘ex-dividend’ will happen, which means if you own REC shares, you’ll still get the dividend even if you sell them before the date.
Today, REC shares went up by more than 6 percent in the morning. REC, a big government company, said on Tuesday that they’ll give out a dividend again for this year.
They’re giving Rs 4.5 for each share you own, and the date they’ll check who owns the shares is March 28.
Today, REC shares started at Rs 430 and went up to Rs 449.45. In the last year, they’ve been as high as Rs 524 and as low as Rs 113.20.
That’s a big difference! And in the last six months, REC shares have gone up by 73 percent. In one whole year, they’ve gone up by 280 percent!
When will you get the dividend? REC said they’ll give it to you by April 17, 2024.
REC has given out dividends 36 times since September 8, 2008. According to the latest data, until March 20 last year, they gave Rs 10.85 for each share.
Now, what’s dividend yield? It’s a way to see how much money a company gives out as dividends compared to how much its shares cost. You calculate it by dividing the yearly dividend by the share price.
Remember, this information is just about how the shares are doing. It’s not advice about whether you should invest or not.
Investing in shares can be risky, so it’s good to talk to someone who knows before you decide.”
