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The board of Indian Railways Finance Corporation (IRFC) Ltd. will be meeting on Monday, March 17, to consider the second interim dividend for the current financial year for the company’s shareholders.

This will be the ninth instance of the state-run railway financier issuing a dividend payout to its shareholders.

Since its listing in 2021, IRFC

has, only once, declared a dividend of or above ₹1 per share, which was the first time that it paid a dividend to shareholders since its listing.

The last five instances, starting 2022, IRFC has alternated between paying a dividend of either ₹0.8 per share or ₹0.7 per share to its shareholders.

Date Dividend Payout (₹ / Share)
February 2021 1.05
November 2021 0.77
September 2022 0.63
November 2022 0.8
September 2023 0.7
November 2023 0.8
August 2024 0.7
November 2024 0.8

In total, IRFC has, so far paid ₹6.25 per share as dividend to its shareholders.

IRFC also falls into the list of those stocks, in which the government could potentially sell stake to comply with the Minimum Public Shareholding (MPS) norms.

The stock is a recent entrant into the Futures & Options Space. It does not have significant analyst coverage, as only one analyst on the street covers the stock.

Shares of IRFC have corrected from their 2024 peak and are trading close to their 52-week low. The stock is down 49% from its peak of ₹229.

The stock has made a 52-week low of ₹108. The government has a 86.36% stake in IRFC. The stock does not have analyst coverage.



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