Maharatna PSU REC Ltd has announced its second interim dividend for FY26, rewarding its shareholders once more. The dividend amount is scheduled to be credited in November, and the record date has been fixed.
The announcement follows REC’s strong Q2 FY26 results, which showed strong sales and profitability growth. The crucial question at this point is whether traders should buy REC shares before the record date or wait for post-dividend corrections, as the stock continues to draw interest from dividend hunters.
REC Dividend Details
The Board of Directors has declared Rs 4.60 per equity share of Rs 10- each as the 2nd interim dividend for the financial year 2025-26.
“Further, the record date for the said interim dividend is Monday, October 27, 2025 and the said interim dividend shall be paid/ dispatched on or before November 14, 2025 to those shareholders, whose names appear (i) as beneficial owners in the statement(s) furnished by the depository(ies) as on the close of business hours on October 27, 2025 in respect of shares held in electronic form; and (ii) as members in the register of members on October 27, 2025 in respect of physical shares,” said REC in a stock exchange filing.
REC Q2 Result Highlights
According to an exchange filing, state-owned REC Ltd reported a net profit of Rs 4,414.93 crore in the September quarter, up by 9% year on year from Rs 4,037.72 crore in the second quarter of the previous 2024-25 fiscal year. The company’s total revenue increased by 10.62% to Rs 15,162.38 crore during the July-September quarter from Rs 13,706.31 crore during the same period last year. According to the Maharatna PSU, interest income climbed from Rs 13,484.82 crore in Q2 FY25 to Rs 14,589.97 crore in Q2 FY26.
REC Target Price
“REC is trading with bullish momentum after a brief consolidation phase. The stock has witnessed consistent buying on declines, supported by strong volume participation. Technical indicators remain favorable, suggesting strength in the ongoing uptrend. The broader structure continues to show higher lows, keeping the outlook positive in the near term,” commented Riyank Arora, technical analyst at Mehta Equities Ltd.