Dividend Stocks: 3 PSU Stocks Set To Trade Ex-Dividend On September 15, 2023

Three PSU stocks are going to trade ex-dividend by September 15, 2023. These stocks are Garden Reach Shipbuilders & Engineers Ltd, National Aluminium Company Ltd, and Indian Railway Finance Corporation Ltd. These stocks are from the sector of shipbuilding, metals & ferrous, and NBFC. Check details below:

1. Garden Reach Shipbuilders & Engineers: Last trading price of the defence PSU stock is Rs 896.80 apiece with intraday gain of 1.32%. Its 52-week high is Rs 973.95 apiece and 52-week low price is Rs 302.20 apiece, respectively. The company has a market capitalisation of Rs 10,273.02 crore. Garden Reach Shipbuilders shares witnessed a rally of 111% in last 6-months and offered 363% return in last 2-years. In last 3-years, Garden Reach Shipbuilders stock surged 398%. Garden Reach Shipbuilders stock will trade ex-dividend on September 15, 2023 for final dividend of Re 0.70 per equity share for the financial year 2022-23.

It offers a dividend yield of 0.71% if the current share price of the stock is taken into consideration. In the last 12 months, In the past 12 months, Garden Reach Shipbuilders & Engineers announced an equity dividend amounting to Rs 6.35 per share, according to Trendlyne.

2. National Aluminium Company: Last trading price of the metals & ferrous sector stock, National Aluminium Co. Ltd is Rs 101.61 per share. Its 52-week high price is Rs 106.30 per share and 52-week low price is Rs 67.00 per share, respectively. It has a market capitalisation of Rs 18,662.02 crore. National Aluminium shares gained 24% in last 6-months and soared 27% in last 1-year. NALCO shares surged 192% in last 3-years.

NALCO shares will trade ex-dividend on September 15, 2023. Earlier this year the Board issue its BSE filing saying, "final dividend @ Re.1/‐ per share (20% on face value of Rs.5/‐ each) for the financial year 2022‐23, subject to the approval of shareholders in the ensuing 42nd Annual General Meeting (AGM). The final dividend @ Re.1/‐ per share, as recommended by the Board of Directors,if declared in the ensuing 42nd AGM, will be paid within a period of 30 days from the date of declaration, as per the provisions of the Companies Act, 2013."

The above final dividend is in addition to the 1st interim dividend of Re.1/‐ per share and 2nd interim dividend of Rs.2.50/‐ per share (Total of Rs.3.50/‐ i.e. 70% on face value of Rs.5/‐ each) already paid during the financial year 2022‐23.

3. Indian Railway Finance Corporation: The board of directors of Indian Railway Finance on August 23 fixed record date for dividend and stated in the BSE filing, "Friday, 15th September 2023 has been fixed as the "Record Date" for the purpose of determining the members entitle to receive final dividend for the financial year 2022-23. The final dividend, if declared at the AGM, will be paid within a period of 30 (thirty) days from the conclusion of the AGM." Earlier, it declared a final dividend of Re 0.70 per share.
IRFC) today hit its fresh 52-week high and upper circuit. Indian Railway Finance shares gained 9.99% in trade today. Last trading price of Indian Railway Finance stock is Rs 84.76 apiece withintraday surge of 9.99%. Its 52-week high price is Rs 84.76 apiece and 52-week low price is Rs 20.55 apiece, respectively. The stock touched upper circuit today and hit back-to-back 52-week high today and on September 8, 2023.

Indian Railway Finance Corporation stock rallied 156% in last 3-months span, gained 157% YTD, soared 271% in last 1-year, and offered 267% in last 2-years.

Disclaimer

The stocks just 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.