Big PSUs Dividends Coming Soon: 5 Govt Companies Likely To Declare Dividend

Five leading public sector undertakings are likely to declare interim dividend this month beginning from March 11 to March 16, 2024. These companies Bharat Electronics Ltd (BEL), Mishra Dhatu Nigam Ltd, REC, Bharat Dynamics, and Power Finance Corporation. Most of these PSUs have already delivered multibagger returns in last 1-year. Check details below:

1. Bharat Electronics Ltd Dividend: The large cap PSU informed after market hours its decision to mull 2nd interim dividend on March 15, 2024. Last trading price of Bharat Electronics Ltd shares on BSE is Rs 215.40 apiece with intraday gain of 2.33%. Its market capitalisation is Rs 1,57,452.64 crore. BEL shares gave return of 54% in last 6-monthS and jumped 123% in last 1-year.

As per the regulatory filing of the company dated March 7, 2024, "Pursuant to Regulation 29 of the SEBI(LODR) Regulations, 2015, we wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, the 15fh March, 2024 to consider, inter alia, declaration of second interim dividend for the financial year 2023-24."

2. Mishra Dhatu Nigam Ltd Dividend: Last trading price of Mishra Dhatu Nigam Ltd shares on BSE is Rs 420.05 apiece. State-run Mishra Dhatu informed after market hours on March 6, 2024 about its upcoming meeting of Board of Directors on March 14 to consider interim dividend proposal for financial year 23-2024. Mishra Dhatu Nigam shares declined over 11% in last 1-month and surged 105% in last 1-year. The company has a market capitalisation of Rs 7,869.22 crore.

According to the BSE filing of the company dated March 6, 2024, "This is to inform that a Meeting of the Board of Directors of the Company will be held on Thursday, the 14th March, 2024 to inter alia consider a proposal relating to declaration of Interim Dividend for FY 2023-24.

3. Bharat Dynamics To Mull Interim Dividend: Last trading price of Bharat Dynamics shares on BSE is Rs 1798.35 apiece with intraday rally of 0.68%, The company has a market capitalisation of Rs 32,960.38 crore. Bharat Dynamics shares soared 53% in last 6-months and rallied 304% in last 2-years.

As per the BSE filing of Bharat Dynamics dated March 1, 2024, "We wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 15th March 2024 inter-alia to consider payment of Interim Dividend for the financial year 2023-24. The Company has fixed Tuesday, 26th March 2024 as the "Record Date" for the purpose of payment of Interim Dividend on Equity Shares for the Financial Year 2023-24, if declared by the Board."

4. Power Finance Corporation Dividend: Last trading price of state-owned Power Finance Corporation Ltd (PFC) shares on BSE is Rs 429.80 apiece with intraday gain of 1.33% as on March 8, 2024. Board of Directors will consider declaration of 3rd interim dividend on March 11, 2024. It has a market capitalisation of Rs 1,41,838.37 crore. Power Finance Corporation shares offered return of 97% in last 6-months and gained 232% in last 1-year.

As per the regulatory filing of the company, "In terms of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that a meeting of the Board of Directors of Power Finance Corporation Limited is scheduled to be held on Monday, March 11, 2024 inter alia to consider the proposal for declaration of 3rd Interim Dividend, if any, for the financial year 2023-24."

5. REC Dividend: Board of directors of Maharatna public sector undertaking REC Ltd on Tuesday informed about its upcoming meeting of Board of Directors to consider 3rd interim dividend for financial year 2023-24. Last trading price of REC Ltd shares on BSE is Rs 472.70 per share with intraday rally of 0.65%. REC shares offered attractive return of 289% in last 1-year span and gained 93% in last 6-months.

As per the regulatory filing of the company issued post market hours, "In terms of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , this is to inform that a meeting of the Board of Directors of REC Limited will be held on Saturday, March 16, 2024 inter-alia to consider the proposal for declaration of 3,d Interim Dividend, if any, for the financial year 2023·24."

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