The YTD dividend yield of NBFC stocks beats Bank FD, PPF interest rates. do you have

REC Dividend History

As per the REC Dividend 2022 details available on BSE website, REC Limited has declared 15.80 dividend per share to its shareholders this year. it gave 6 per equity share interim dividend in February 2022, payable in the financial year 2021-22. Similarly, given Final dividend of 4.80 per equity share in July 2022, which was also payable in FY22. Now, recently, REC has announced 5 interim dividend for each share held by its shareholders. So, NBFC PSUs have announced 15.80 dividend to its shareholders this year.

REC Dividend Yield in 2022

REC share price almost ended The 100 level on Friday deals on NSE while its dividend yield in 2022 is 15.80 Therefore, its current dividend yield at YTD time is around 15.80 per cent, which is almost double the PPF interest rate currently being offered to PPF account holders, while the bank FD rates being offered to depositors in such a short span of time are in the range of 4- Huh. 5 per cent depending on the bank chosen by the depositor.

Recently REC Limited informed Indian Share Market Quoting the exchange regarding dividend record date, “The Board of Directors of REC Limited in its meeting held on 27th October, 2022 approved the payment of Interim Dividend @ 5/- per equity share for the financial year 2022-23. Further, the record date for the said Interim Dividend is Wednesday, 9th November, 2022 and the said Interim Dividend will be paid/remitted on Thursday, 24th November, 2022.