5 PSU Stocks Announce Interim Dividends, Don't Miss Record Date

5 leading navratna and miniratna companies have either announced or declared interim dividends and fixed record date. These PSU stocks are NLC India Ltd, Company Cochin Shipyard Ltd, RITES Ltd, NHPC Ltd, and Oil India. Check details pertaining to the stocks below:

1. 1. NLC India

PSU Navratna company NLC India will consider interim dividend on February 13, 2023.

According to the BSE filing of the company, "NLC India Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2023, inter alia, to consider and approve Interim Dividend, if any, for the Financial Year 2022-23."

It is a Navratna company under the Ministry Of Coal since 1956.
The last trading price of the power sector mid cap PSU stock is Rs 78 apiece. It has given maximum 42% return in last 3-years.

2. Cochin Shipyard Ltd

Miniratna Company Cochin Shipyard Ltd declared its 2nd interim dividend of Rs 7.00 per equity share of Rs 10 each fully paid-up for the financial year 2022-23. The company fixed February 22, 2023 as the record date for the aforesaid interim dividend.

The last trading price of the Defence PSU stock is Rs 478.65 apiece. It has given maximum 40% return in last 1-year and 39% in last 6-months.

3. RITES Ltd

The miniratna company fixed February 17, 2023 as the record date for 3rd interim dividend. The board of directors of RITES Ltd declared 3rd interim dividend for financial year 2022-23 at Rs 6.00 per share of
the company.

The last trading price of the mid cap PSU stock is Rs 330.20 apiece. It gave maximum 26% return in last 1-year.

4. NHPC Ltd

The power sector PSU company declared an interim dividend of 14% on February 7, 2023. The company fixed February 17, 2023 as the record date for payment of interim dividend.

According to the BSE filing, "Payment of interim dividend at the rate of 14% (₹ 1.40/- per equity share) on the face value of paid-up equity shares of ₹ 10/- each for the financial year 2022-23."
NHPC Ltd. (Formerly known as National Hydroelectric Power Corporation Ltd.) was incorporated in 1975 is a Miniratna- category I public sector utility.
The last trading price of the PSU power sector stock is Rs 40 apiece. The stock gave maximum 64% return in last 3-years with 1-year return at 35%.

5. Oil India Ltd

It is a Navratna PSU company. The company announced its 2nd Interim dividend for the Financial Year 2023. It set February 22, 2023 as the
record date.

According to the BSE filing, "Declared Second lnterim Dividend of Rs. 1O/- per share (1OO% of paid-up capital) for the financial year 2022-23. The lnterim dividend declared shall be paid on or before 12'h March, 2023."

The last trading price of the PSU stock is Rs 223.55 apiece. The stock gave 66% return in last 3-years. It rallied 14% in last 3-months.

Disclaimer

The stocks give details about interim dividend and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.