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REC, TVS Motor Interim Dividend: Last Day To Buy Shares To Qualify — Details Here

REC's board announced a fourth interim dividend of Rs 3.6 per share, while TVS Motor will give an interim dividend of Rs 10 per share.

<div class="paragraphs"><p>REC will spend Rs 950 crore for dividend and TVS Motor will shell out Rs 475 crore. (Representative image. Photo source: Canva stock)</p></div>
REC will spend Rs 950 crore for dividend and TVS Motor will shell out Rs 475 crore. (Representative image. Photo source: Canva stock)
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Shares of REC Ltd. and TVS Motor Co. will be of interest on Tuesday, as the day marks the last session for investors to buy shares to qualify for receiving interim dividend before the stock goes ex/record-date.

The record date determines the eligible shareholders, who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

Last week, REC's board announced a fourth interim dividend of Rs 3.6 per share for financial year 2024-25. The record date, to determine the shareholders eligible for the dividend payout, has been fixed as March 26. The dividend amount will be credited to shareholders on or before April 16.

Given India's T+1 settlement cycle, shares purchased on the record date (March 26 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by March 25 will be the beneficiaries.

REC will incur an expense of nearly Rs 950 crore via the dividend payout. Since the government owns over 52% stake, it will receive nearly Rs 500 crore.

Over 10 lakh retail investors holding nominal share capital of up to Rs 2 lakh have 7.85% equity. They will be eligible for a cumulative dividend payout of Rs 74 crore.

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TVS Motor Interim Dividend

TVS Motor board declared an interim dividend of Rs 10 per share for the financial year ended March 31, 2025.

The company will pay dividend on a total of approximately 47.5 crore shares. This will take the amount of dividend payout to around Rs 475 crore. The payment will be made within a period of 30 days from the declaration of interim dividend.

Nearly 2.8 lakh retail investors holding nominal share capital of up to Rs 2 lakh have 6.89% equity. They will be eligible for a cumulative dividend payout of Rs 32.7 crore.

Dividends are a way for companies to reward their shareholders.

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