2 Miniratna Status PSU Stocks Declare Interim Dividend, Fix Record Date

2 leading PSU Miniratna stocks declared interim dividends and fixed record date. These stocks are MSTC Ltd and BEML Ltd. MSTC is a small cap company while BEML is a mid cap company. Check details pertaining to the stocks and interim dividend details below:

1. BEML Ltd Declares Dividend

The Board of Directors of the miniratna company declared an Interim Dividend of Rs 5 per equity share (i.e.5© % of paid-up share capital) for the Financial Year 2022-23, which will be paid to the eligible shareholders as on the record date i.e. on 24.02.2023.

BEML Ltd Stock Performance & Return: The last trading price of the stock is Rs 1385.40 apiece with an intraday gain of 0.58%. The stock's 52-week high is Rs 1,659.00 apiece and 52-week low is Rs 922.74 apiece, respectively. The company has a market capitalisation of Rs 5769.43 crore.

Return: The mid cap engineering sector stock gave a maximum 47% return in last 3-years and it declined 25% in last 1-year.

About: BEML was established in May 1964. It is leading PSU company that manufactures rail coaches & spare parts and mining equipment.

2. MSTC Ltd Announces Dividend

It is a leading miniratna PSU company. The company declared 2nd Interim Dividend @ 63% i.e. Rs. 6.30 per equity share of face value of Rs.10/- each for the financial year 2022-23. The interim dividend shall be paid within 30 days from the date of its declaration. Board has fixed 22nd February, 2023 as the "record date".

MSTC Ltd Stock Performance: The last trading price of the stock is Rs 287 apiece with an intraday fall of 3.58%. The stock's 52-week high is Rs 385.80 apiece and 52-week low is Rs 224.55 apiece, respectively. It has a market capitalisation of Rs 2,026.82 crore.

Return: The small cap PSU stock rallied 3% in last 3-months, declined 12% in last 1-year, and rallied 77% in last 3-years.

About: MSTC, a Government of India Company is engaged in domestic and international trading activity for over 30 years. It was the canalising agency for import in India of Carbon Steel Melting Scrap and also Sponge Iron / Hot Briquetted Iron and Re-rollable Scrap till February, 1992, according to its official website.

 

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