Govt Dividends, Stock Splits Coming: Big Multibagger PSUs To Be In News Soon, Do You Own Them?

Four leading public sector undertakings are likely to be in news next week for their dividends and stock split. These stocks are REC Ltd, Housing & Urban Development Corporation (HUDCO), Bharat Electronics, and Bharat Dynamics. Some of these stocks offered multibagger returns to investors in the last few months. Check details below:

1. REC Reschedules Board Meet For Dividend: According to the BSE filing of Maharatna status REC dated March 15, 2024, "With reference to our earlier intimation dated March 5, 2024, this is to inform that the meeting of the Board of Directors ofREC Limited, which was earlier scheduled to be held on Saturday, March 16, 2024 has been postponed due to unavoidable circumstances and will now be held on Tuesday, March 19, 2024.

As earlier informed, the proposal related to declaration of 3rd Interim Dividend, if any, for the financial year 2023-24, will inter-alia be considered at the Board meeting to be held on March 19, 2024." The Company fixed Thursday, March 28, 2024 as 'Record Date' for the purpose of ascertaining the eligibility of the shareholders for payment of said 3rd Interim dividend, if declared by the Board of Directors.

REC Shares Performance & Return: The 52-week high price of REC shares on BSE is Rs 524.00 per share and 52-week low price is Rs 113.15 per share. In last 1-year, REC shares gained 282%. The company has a market capitalisation Rs 1,17,639.28 crore. REC shares declined 7.57% in last 1-month and gained 388% in last 2-years. In last 3-years, REC share zoomed 289% and 312% in last 5-years.

2. Housing & Urban Development Corporation To Consider Dividend: The BSE filing of HUDCO stated, "Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of Board of Directors of the Company is proposed to be held on Wednesday, 20" March, 2024, inter-alia to consider declaration of interim dividend for the Financial Year 2023-24." The Record Date for determining the entitlement of the shareholders for the payment of interim dividend shall be Friday, 29th March, 2024, subject to approval of Board of Directors.

HUDCO Shares Performance & Return: Last trading price of Housing & Urban Development Corporation Ltd shares on BSE is Rs 188.20 per share with intraday gain of 4.47%. It has a market capitalisation of Rs 37,675.76 crore. HUDCO share offered return of 157% in last 6-months and gave return of 313% in last 1-year. In last 2-years, HUDCO stock zoomed 455%.

3. Bharat Electronics Ltd Declares Dividend: The Navratna Multibagger PSU Bharat Electronics Ltd said in the BSE filing dated March 15, 2024, "In continuation to our earlier letter dated 7'h March, 2024 we wish to inform you that Board of Directors of the Company at its meeting held on 15th March, 2024, inter alia, has declared second interim dividend of Re 0.70/- (70%) per equity share of Re 1/- each fully paid-up for the financial year 2023-24. The second interim dividend will be paid within 30 days from the date of declaration."

The Record date is 23th March, 2024 as intimated earlier.

Bharat Electronics Shares Performance & Return: Last trading price of Bharat Electronics Ltd share on BSE is Rs 188.85 apiece with intraday fall of 3.55%. The company has a market capitalisation of Rs 1,38,045.17 crore. BEL shares gave return of 103% in last 1-year and 176% in last 2-years.

Miniratna Bharat Dynamics To Mull Stock Split, Interim Dividend: As per the regulatory filing of the company dated March 5, 2024, "meeting of the Board of Directors of the Company is rescheduled to Thursday, 21st March 2024 inter-alia to consider and approve-
(a) Payment of Interim Dividend for the financial year 2023-24
(b) Sub-division / Split of Equity Shares of the company pursuant to the provisions of section 61(1)(d) of the Companies Act,2013.

Bharat Dynamics Revises Record Date For Interim Dividend: The PSU changed the "Record Date" to Tuesday, 02nd April 2024 for the purpose of payment of Interim Dividend on Equity Shares for the Financial Year 2023-24, if declared by the Board."

Bharat Dynamics Shares Performance & Return: Last trading price of Bharat Dynamics Ltd shares on BSE is Rs 1681.50 per share with intraday gain of 1.51%. The company has a market capitalisation of Rs 30,818.74 crore. Bharat Dynamics share gave return of 86% in last 1-year and offered return of 222% in last 2-years. Bharat Dynamics stock surged 367% in last 3-years.

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.