Dividend Stocks: 3 PSUs Likely To Declare Dividend Soon, Record Date Fixed

Three leading public sector undertakings are expected to declare interim dividend soon. These companies are IRCON International Ltd, Coal India Ltd, and Oil and Natural Gas Corporation Ltd (ONGC). The companies have already fixed the record date for interim dividend. Check details below:

1. IRCON International Ltd To Consider Interim Dividend, Record Date Fixed: Last trading price of IRCON International Ltd Shares on BSE is Rs 232.60 apiece with intraday gain of 1.75% as on Feb 2, 2024. The 52-week high price of IRCON International shares on BSE is Rs 280.90 apiece and 52-week low price is Rs 50.15 apiece, respectively. The company has a market capitalisation of Rs 21,876.40 crore. IRCON International shares soared 146% in last 6-months, gained 299% in last 1-year, and rallied 407% in last 3-years.

The company issued a BSE filing on January 30, 2024 stating, "it is hereby informed that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 8th February, 2024 to inter-alia, consider & approve the following:
1. Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended on 31st December, 2023, and;

2. Declaration of Interim Dividend, if any, for the financial year 2023-24."
IRCON Sets Record Date: The BSE filing further stated, "it is hereby informed that the record date for the purpose of payment of Interim Dividend for the Financial Year 2023-24, would be Friday, 16th February, 2024, subject to declaration of the said Interim Dividend by the Board of Directors in its meeting to be held on Thursday, 8th February, 2024."

2. Coal India Ltd To Mull Interim Dividend, Sets Record Date: Last trading price of Coal India shares on BSE is Rs 419.55 per share with intraday gain of 3.16%. The 52-week high price of Coal India shares on BSE is Rs 422.80 apiece and 52-week low price is Rs 207.70 apiece, respectively. The company has a market capitalisation of Rs 2,58,557.27 crore. Coal India shares offered 93% return in last 1-year and 156% return in last 2-years.

The company in its BSE filing dated January 29, 2024 stated, "Board of Directors of the company may also, inter alia, consider and declare payment of 2nd Interim Dividend for FY 2023-24, if any. The Company has fixed Tuesday, 20th Feb'24 as the "Record Date" for the purpose of payment of 2nd Interim Dividend on Equity Shares for Financial Year 2023-24, if declared by the Board."

3. Oil and Natural Gas Corporation Ltd To Consider Interim Dividend, Declares Record Date: The last trading price of Oil and Natural Gas Corporation shares on BSE is Rs 257.25 apiece with intraday gain of 3.88% as on Feb 2, 2024. The 52-week high price of Oil and Natural Gas Corporation shares on BSE is Rs 263.40 apiece and 52-week low price is Rs 140.10 apiece, respectively. Its market capitalisation is Rs 3,23,627.68 crore. ONGC shares soared 38% in last 3-months, soared 177% in last 3-years, and jumped 81% in last 5-years.

The company via its BSE filing informed about re-scheduling of meeting of board of directors, "Board Meeting which was earlier scheduled to be held on 13th February, 2024 has been rescheduled on Saturday, 10th February, 2024, inter-alia, to consider and approve Un-Audited Financial Results for the Quarter and Nine Months ended 31st December, 2023 and recommendation of 2nd Interim Dividend, if any for FY'24; and Saturday, 17th February, 2024 has been fixed as revised 'Record Date' for determining eligibility of members for payment of 2nd Interim Dividend, if declared by the Board of Directors."

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