Stocks in focus: Indian Railway Catering and Tourism Corporation or IRCTC shares are going to trade ex-dividend today as Indian Railway PSU has fixed 19th August 2022 as the record date for final dividend payment. The Board of Directors of IRCTC has already approved the final dividend of 1.50 per equity share for the financial year 2021-22. this final dividend of 1.5 per equity share in addition to interim dividend 2.0 per equity share declared in February 2022.
In its exchange filing, dividend paying stock “The Board of Directors of the Company, in its meeting held on Monday, 30th May, 2022, had, inter alia, informed the Indian Stock Exchanges about the final dividend approval, for a final dividend of Rs.1.50/- per equity share of the face. 2/- each for the financial year 2021-22. [@ 75% of the paid-up share capital of Rs. 160 cr.], subject to the approval of the shareholders at the ensuing Annual General Meeting. This final dividend is in addition to the interim dividend of Rs.2/- per share declared by the Board of Directors in the month of February 2022 and has already been paid to the shareholders.
Informing the Indian exchanges about the record date for finalization of eligible shareholders for final dividend payment, IRCTC said, “The Company has decided to vote on Friday, August 19, 2022 for the purpose of determining the eligible members. “Gut-off date” as prescribed in the notice of the AGM or the resolution prescribed for participation in the AGM.”
IRCTC Annual Dividend Yield
irctc share price today 672 per cent and total dividend declared by the company in the financial year 2021-22 is 3.50 ( 2.0+ 1.50). So, the current annual dividend yield of IRCTC is 0.52 percent [( ₹3.5 / ₹672) x 100],
Coming into 2022, ITCTC share price remains in the heat of sell-off, but from the second fortnight of June 2022, it seems that the PSU stock has completed its base formation and is trying to come out of the consolidation phase. Used to be. It has given a rise of over 11 per cent in the last one month.
In Q1FY23, IRCTC reports 198 per cent jump in net profit 245.52 crores. It reported a net profit of 82.52 crore in Q1FY22. IRCTC revenue from operations up by 250.34 percent 852.59 crore in the quarter under review 243.36 crore in Q1FY22.
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