4 PSU Stocks Set To Declare Dividend Soon, Maximum 1-Yr Return Up To 173%

Four leading public sector undertakings will soon consider interim dividend and their financial results for the quarter ended December 31, 2023. These companies are RITES Ltd, NTPC, GAIL (INDIA) Ltd, and, Engineers India Ltd. Some these companies' shares have already delivered multibagger returns. Engineers India shares surged maximum in last 1-year with return of 173%. Check details below:

1. RITES Ltd To Consider Results, Third Interim Dividend: As per the BSE filing of the company dated January 17, 2024, "A meeting of the Board of Directors of the Company is scheduled to be held on Thursday, February 01, 2024 inter- alia to consider, approve and take on record Standalone and Consolidated Unaudited Financial Results of the Company for the Quarter ended December 31, 2023. Board may consider payment of Third Interim Dividend, for the F.Y 2023- 24, if any.

RITES Ltd Sets Record Date For 3rd Interim Dividend: If the payment of Third Interim Dividend for the F.Y 2023-24 is considered by the Board, then the record date for the same shall be February 9, 2024, added the regulatory filing.

RITES Shares Performance & Return Over Years: Last trading price of RITES shares on BSE is Rs 686.10 apiece with strong intraday rally of 18.69% as on January 25, 2024. The company has a market capitalisation of Rs 16,487.11 crore. RITES shares rallied 50% in last 3-months, soared 39% in last 6-months, and gained 155% in last 1-year. In last 2-years, RITES stock zoomed 155%. The scrip offered return of 166% in last 3-years.

2. NTPC Ltd To Consider Interim Dividend, Financial Results: As per the BSE filing of the company issued today, "a meeting of the Board of Directors of the Company is scheduled to be held at New Delhi on Monday, 29'" January, 2024 to, inter-alia, consider, approve and take on record the Un-audited Financial Results of the Company for the quarter and nine-months period ended December 31, 2023 after these results are reviewed by the Audit Committee of the Board. Second Interim dividend on the equity share capital of the Company for the year 2023-24 may also be, inter-alia, considered in the same Meeting of the Board of Directors."

NTPC Fixes Record Date For Second Interim Dividend: The BSE filing further stated, "the Company has fixed Tuesday, February 6, 2024 as the "RECORD DATE' for the purpose of ascertaining the eligibility of the shareholders for payment of second interim dividend, if declared by the Board."

NTPC Stock Performance & Return: Last trading price of NTPC shares on BSE is Rs 314.85 apiece. The company has a market capitalisation of Rs 3,05,299.53 crore. NTPC shares zoomed 90% in last 1-year and rallied 133% in last 2-years.

3. GAIL (INDIA) Ltd To Consider Dividend: As per the BSE filing of the company dated January 18, 2024, "a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 29th January, 2024 to, inter-alia, consider the Un-Audited Financial Results for the Quarter ended 31st December, 2023 and recommendation for payment of Interim Dividend for FY 2023-24."

GAIL (INDIA) Sets Record Date For Dividend: For the purpose of payment of Interim Dividend, if so approved by the Board, the "Record Date" will be Tuesday, 06th February, 2024, added the BSE filing of the company.

GAIL (INDIA) Share Price & Return: The last trading price of GAIL (INDIA) shares on BSE is Rs 165.40 apiece. Its market capitalisation is Rs 1,08,752.15 crore. GAIL (INDIA) shares gained 42% in last 6-months and soared 64%in last 1-years.

4. Engineers India Ltd To Mull Dividend: As per the BSE filing of Engineers India dated January 24, 2024, "Notice of Board Meeting to, inter-alia, consider and approve (i) Un-audited Standalone and Consolidated Financial Results for the third quarter and nine months ended on 31st December, 2023 and (ii) Interim Dividend, if any, for the financial year 2023-24."

Engineers India Sets Record Date For Dividend: EIL has fixed Monday, 12th February, 2024 as the "Record Date" for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend on equity paid-up share capital of the Company for the financial year 2023-24, if any, declared at the aforesaid Board Meeting, added the regulatory filing of the company.

Engineers India Stock Performance & Return: Last trading price of Engineers India shares on BSE as on January 25, 2024 is Rs 232.70 apiece with intraday fall of 0.34%. Engineers India has a market capitalisation of Rs 13,078.73 crore. Engineers India shares zoomed 173% in last 1-year and gained 238% in last 2-years.

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 stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.