Indian Railway Finance Corporation Limited (IRFC), a Navratna Public Sector Undertaking (PSU), is set to take a crucial decision regarding its second interim dividend for the financial year 2024–25. The board of directors will convene today, March 17, 2025, to review and consider the declaration of this dividend.
As per the regulatory filing dated March 10, 2025, the company stated: “The meeting of the Board of Directors of the Company is scheduled to be held on Monday, March 17, 2025, inter-alia, to consider declaration of Second Interim Dividend to the shareholders of the company for the financial year 2024–25.”
Investors tracking the share price of the Indian Railway Finance Corporation will be closely watching the developments, especially those looking to invest in stocks with a dividend-centric strategy.
Record date for IRFC dividend fixed
Along with the dividend announcement, IRFC has also confirmed the record date for dividend eligibility. The company has fixed Friday, March 21, 2025, as the record date for determining shareholders entitled to receive the second interim dividend.
In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date remains subject to the board’s approval of the dividend.
The record date plays a critical role in identifying shareholders who are eligible to receive dividends. As per the T+1 settlement cycle followed in Indian markets, both the ex-date and the record date fall on the same day.
Share price performance over the recent months
While dividend declarations often bring a positive outlook, IRFC’s stock performance has shown mixed trends in recent months.
IRFC’s share price has seen a 7% decline in the past month and has dropped 22% on a year-to-date basis. Over the last six months, the stock has fallen by 30%, indicating a phase of consolidation after a sharp rally in the previous years.
That said, IRFC has delivered exceptional long-term returns. Over the last two years, the company has given a multibagger return of 330%, highlighting strong investor interest during that period.
On Thursday, IRFC shares closed 1.22% lower at ₹117.70 apiece on the Bombay Stock Exchange (BSE). The company’s market capitalisation currently stands at over ₹1.53 lakh crore, reflecting its significant presence in the PSU segment.
What are analysts saying?
According to analysts, IRFC continues to be a strong long-term story in the infrastructure financing space. While near-term volatility in share prices is evident, the fundamentals remain intact.
As of 11 AM on March 17, 2025, IRFC's share price stands at ₹118.45 per share. Analysts believe that dividend-paying PSUs such as IRFC continue to attract retail and institutional interest, especially from investors who prefer stable income options as they invest in stocks with long-term value.
As the board meets today, investors and market participants will await the final decision, which could influence the stock movement in the coming days.
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