Public Finance stock: REC Ltd shares rise by 1.8% as company declares interim dividend

New Delhi: Public Sector NBFC and Power Financing firm, REC Ltd has announced that the Board of Directors of the company in its meeting held on March 19, 2025, considered and declared a 4th interim dividend of Rs 3.60 per equity share on Rs 10 each for the financial year 2024-25.

Further, the record date for the said interim dividend is Wednesday, March 26, 2025, and the said interim dividend shall be paid/ dispatched on or before April 16, 2025, to the shareholders. With this, the company's shares rise over 7.90 points with an increase of 1.89% at Rs 429.50.

Read Also : Cabinet approves construction of Greenfield Highway from JNPA Port to Chowk

With a PE ratio of 7.23, the company shows a competitive posture about its rivals. Apart from that, REC's enterprise value to EBITDA ratio is 11.06, implying a good operational performance; its price-to-book value is noted at 1.48.

With a healthy dividend yield of 3.91%, the company appeals in the current market situation. Reflecting good management and profitability, key performance measures like return on capital employed (ROCE) and return on equity (ROE) respectively are at 9.22% and 20.25%, respectively.

Read Also : CCI invites public comments on Bharat Forge Limited acquiring AAMCPL