4 Multibagger PSUs Will Go Ex-Dividend Next Week For Dividend Up To Rs 22/Share

Four public sector undertakings will trade ex-dividend next week. These PSUs are Coal India Ltd, Hindustan Aeronautics Ltd, Power Finance Corporation, and MSTC Ltd. The shares of all these companies have delivered multibagger returns to their shareholders in last 6-months only. Check details below:

1. Coal India Shares Will Go Ex-Dividend: Last trading price of Coal India Ltd shares on BSE is Rs 479.85 apiece with intraday gain of 0.66%. The 52-week high price of Coal India shares on BSE is Rs 487.75 apiece and 52-week low price is Rs 207.70 apiece, respectively. The company has a market capitalisation of Rs 2,95,718.52 crore. Coal India shares zoomed 105% in last 6-months, rallied 122% in last 1-year, and gained 258% in last 3-years.

The Board of Coal India on February 12, 2024 recommended 2nd interim dividend of Rs 5.25/- per equity share on the face value of Rs 10/-. The company fixed Feb 20, 2024 as the record date for interim dividend.

2. Hindustan Aeronautics Ltd Shares To Trade Ex-Dividend: Last trading price of HAL shares on BSE is Rs 3078.25 apiece. The 52-week high price of Hindustan Aeronautics Ltd shares on BSE is Rs 3130.00 apiece and 52-week low price is Rs 1237.50 apiece, respectively. The company has a market capitalisation of Rs 2,05,865.66 crore. Hindustan Aeronautics shares gained 58% in last 6-months and offered return of 131% in last 1-year. In last 2-years, HAL stock rallied 351% and 892% in last 5-years.

The Board of HAL on February 12, 2024 declared first interim dividend of Rs 22/- per equity share of Rs 5/- each for the financial year 2023-24. The Aerospace and Defence stock will trade ex-dividend on February 20, 2024.

3. Power Finance Corporation Shares To Go Ex-Dividend On Feb 20: Last trading price of Power Finance Corporation shares on BSE is Rs 433.90 apiece with intraday fall of 0.30%. The 52-week high price of Power Finance Corporation shares on BSE is Rs 477.80 apiece and 52-week low price is Rs 112.00 apiece, respectively. The company has a market capitalisation of Rs 1,43,191.42 crore. The PSU Maharatna recommended Rs 3.50 per share interim dividend and it will trade ex-dividend on February 20. Power Finance Corporation shares gained 105% in last 6-months and rallied 261% in last 1-year. In last 2-years, Power Finance Corporation shares rallied 349%.

As per the BSE filing of the company dated Feb 8, 2024, "Declaration of second interim dividend @35% Rs 3.50/- (Rupees Three paisa Fifty only) per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of 10/- each for the FY 2023-24."

Power Finance Corporation Ltd. is a Schedule-A Maharatna CPSE, and is a leading Non-Banking Financial Corporation in the Country.

4. MSTC To Go Ex-Dividend: Small cap public sector undertaking (PSU) MSTC Ltd shares settled at Rs 960.75 apiece with intraday gain of 1.45%. The 52-week high price of MSTC shares on BSE is Rs 1165.00 apiece and 52-week low price is Rs 239.65 apiece, respectively. The company has a market capitalisation of Rs 6763.68 crore. MSTC shares rallied 137% in last 6-months and zoomed 235% in last 1-year. In last 2-years, the scrip soared 174%. MSTC Limited is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India.

Board of MSTC of Feb 8 recommended an interim dividend of Rs 5.00 per share and fixed Feb 20, 2024 as the record date.

Disclaimer:

The stocks highlight the dividend and are not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.