IRFC share price dips ahead of dividend record date. Opportunity to buy?
IRFC share price fell over 2% in early trade on Monday ahead of the stock turning ex-dividend tomorrow. IRFC shares fell as much as 2.05% to ₹145.40 apiece on the BSE.
Indian Railway Finance Corporation (IRFC), the state-run non-deposit taking Non-Banking Finance Company (NBFC), had declared a dividend of ₹0.80 per share and the record date for the dividend is November 11.
“…the Board of Directors have declared an Interim Dividend of ₹0.80/- per equity share of ₹10/- each. Further, as informed vide letter dated 22nd October, 2024, the “Record date” for determining eligibility of shareholders for payment of the said interim Dividend, as declared by the Board is Tuesday, 12th November 2024,” IRFC said in a BSE filing…
