IRCON Dividend 2024, Record Date, Payment Date, Share Price History and More

News: IRCON International, a renowned Public Sector Undertaking (PSU) in India, has been a significant player in the stock market. This article provides an in-depth look at IRCON’s dividend for 2024, its record date, payment date, share price history, and more.

IRCON Dividend 2024 :

IRCON International announced an interim dividend of Rs 1.8 per equity share for the financial year 2023-24. This announcement reflects the company’s commitment to rewarding its shareholders.

Record Date

The record date for the interim dividend for the financial year 2023-24 was Friday, February 16, 2024. This date is crucial as it determines which shareholders are eligible for the dividend.

Payment Date

The interim dividend will be paid to eligible shareholders from Tuesday, February 27, 2024, onwards. This is when shareholders will receive the dividend in their bank accounts.

Share Price History

IRCON International’s shares have shown a steady upward trend over the past year. The company’s consistent performance and growth have contributed to this positive trend.

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About IRCON International :

IRCON International Limited (IRCON) was incorporated by the Central Government (Ministry of Railways) under the Companies Act, 1956, on 28th April 1976. Originally known as the Indian Railway Construction Company Limited, IRCON has become a leading player in the public sector, known for its quality, commitment, and consistency in terms of performance.

Operations

IRCON has widespread operations in several states in India and other countries, including Malaysia, Nepal, Bangladesh, Mozambique, Ethiopia, Afghanistan, the U.K., Algeria, and Sri Lanka. The company covers the entire spectrum of construction activities and services in the infrastructure sector.

Core Competence Areas

IRCON’s core competence areas are Railway and Highway Construction, EHP sub-station (engineering and constructions), and MRTS. The company operates in a highly competitive environment and is an active participant in prestigious nation-building projects.

IRCON International has demonstrated a strong commitment to its shareholders through consistent dividend payments. Coupled with a steady share price, it remains a company to watch in the PSU sector.

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FAQs

1. What is the dividend yield of IRCON International?

The current dividend yield for IRCON International is calculated based on the interim dividend and the current share price.

2. When is the next dividend payment of IRCON International?

The next dividend payment by IRCON International will be made on Tuesday, February 27, 2024.

3. What is the dividend payout ratio of IRCON International?

The dividend payout ratio for IRCON International can be calculated based on the interim dividend and the company’s net profit for the financial year 2023-24.

4. Has IRCON International been increasing its dividend?

Yes, IRCON International has a history of consistently increasing its dividends.