IRFC Share price was range-bound and closed almost flat on Wednesday. Overall market sentiment was cautious and NSE Nifty closed almost flat. Among major losers in today's session were technology stocks. Banking stocks were mainly positive while PSU stocks also witnessed stock specific moves today. IRFC share price closed at Rs 119 after touching an intraday high at Rs 121.20. The stock has declined by 6 percent over last one month.

IRFC Board to Consider Second Interim Dividend on March 17, 2025

Indian Railway Finance Corporation (IRFC) has announced that its Board of Directors will convene on Monday, March 17, 2025, to deliberate on the declaration of a second interim dividend for the financial year 2024-25. This decision aligns with Regulation 29(1) & 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with other relevant regulatory provisions. The company disclosed this information through an official filing with the stock exchange.

IRFC Dividend Record Date

IRFC has set March 21, 2025, as the record date to determine the eligibility of shareholders for receiving the interim dividend. This means that investors holding IRFC shares as of this date will qualify for the dividend payout, subject to approval by the board.

Previously, the company had declared an interim dividend in October 2024, demonstrating its consistent dividend distribution policy. The record date is crucial as it determines the shareholders who will be entitled to receive the dividend payment.

IRFC Dividend History

The Navratna railway PSU has established a strong dividend payout track record, typically distributing dividends at least twice a year. Notable past dividend announcements include:

October 22, 2024 – IRFC declared an interim dividend of Rs 0.80 per share, which was paid to eligible shareholders on November 12, 2024.
May 21, 2024 – The company announced a final dividend of Rs 0.70 per share for the previous financial year.
With its history of consistent dividend payments, IRFC continues to provide value to its shareholders, reinforcing its position as a key player in the railway sector. Investors will closely watch the upcoming board meeting for confirmation of the second interim dividend and further insights into the company's financial outlook.