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REC stock surges 9.5% to ₹555.45 on strong Q4FY24 results, 33% YoY jump in net profit to ₹4,079 crore. Revenue grows 25% YoY. Scrip up 336% from 52-week low. Company aims to be NPA-free by FY25 with debt-raising plan of ₹1.6 lakh crore.
Highest dividend-paying stocks: Among the large cap companies, Vedanta, Hindustan Zinc are the highest dividend-paying stocks. Vedanta's dividend yield came in at 26% for the last 12 months. Watch this Visual Story to check highest dividend-paying PSU, largecap, midcap and small-cap stocks.
Stocks in focus: High dividend stocks of FY23 will be in focus as they may announce interim or final dividend while announcing their Q4FY23 numbers
REC shares will start trading ex-dividend on Wednesday, a day ahead of the record date which has been fixed as Thursday, February 9
One bonus share, three dividend yield and 16.50 per cent stock appreciation together gives 34 per cent absolute return to the shareholders who remained invested throughout 2022