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

What Is IRCTC?

News: IRCTC (Indian Railway Catering and Tourism Corporation) is a vital player in India’s travel and tourism sector. It manages online ticketing, catering, and tourism services for the Indian Railways. As a government-owned entity, IRCTC plays a crucial role in facilitating train travel and enhancing passenger experiences.

Dividends: A Shareholder’s Delight

Dividends are like sweet rewards for shareholders. They represent a portion of a company’s profits distributed to its investors. IRCTC has consistently rewarded its shareholders through dividends. Let’s dive into the specifics of IRCTC’s dividends for 2024:

Interim Dividend Announcement

Record Date: On February 22, 2023, IRCTC fixed the record date for its interim dividend. This date determines which shareholders are eligible to receive the dividend.

Payment Date: The payment of the interim dividend will be made within 30 days of its declaration, which means by March 9, 2023.

Dividend Amount

IRCTC declared an interim dividend of 175% for the ongoing fiscal year. This generous dividend reflects the company’s strong revenue growth across various segments.

Share Price History

At the current share price of Rs 964.85, the dividend yield stands at 0.57%. This means that for every share you hold, you’ll receive a dividend equivalent to 0.57% of its value.

Why Does It Matter?

As an IRCTC shareholder, understanding dividends is crucial. Here’s why:

Income Stream: Dividends provide a steady income stream for investors, especially during market fluctuations.

Investor Confidence: Consistent dividend payouts indicate a financially stable and well-managed company.

Long-Term Growth: Reinvesting dividends can boost your overall returns over time.

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Frequently Asked Questions (FAQs)

Q: When will IRCTC declare the date for dividends in 2024?

A: As of February 24, 2024, IRCTC has not officially revealed the date for dividend distribution in 2024. Keep an eye out for updates directly from IRCTC for the latest information.

Q: What is the market value of IRCTC?

A: IRCTC’s market capitalization stands at 77147.3 Crore INR.

Q: What does IRCTC do?

A: IRCTC mainly handles catering, tourism, and online ticketing operations for the Indian Railways. Additionally, it provides services such as tour packages, hotel bookings, and other travel-related amenities.