PSU Dividends: 4 Govt Companies Likely To Declare Interim Dividend, Stock Split Soon

Board of directors of four government companies are scheduled to hold meeting beginning from October 28 to November 10 to announce quarterly financial results and interim dividend. These companies are NTPC Ltd, Coal India, Indian Railway Finance Corporation Ltd, and Cochin Shipyard. Shares of some of these companies offered multibagger returns in just last 3-months. Check details below:

1. Indian Railway Finance To Consider Quarterly Results, Interim Dividend On November 2: Board of Indian Railway Finance Corporation Ltd will hold a meeting on November 2, 2023 to consider and approve unaudited financial results of the company for the period ended 30th September 2023. The company will also consider declaration of Interim Dividend to the shareholders of the Company for the financial year 2023-24 in the same meeting.

Indian Railway Finance Stock Performance & Return Over Years: Last trading price of Indian Railway Finance stock on BSE is Rs 77.03 per share with intraday fall of 0.75%. Its 52-week high price is Rs 92.94 per share and 52-week low price is Rs 21.30 per share, respectively. The company's market cap is Rs 1,00,666.70 crore. Indian Railway Finance shares rallied 134% YTD, soared 261% in last 1-year, and offered return of 227% in last 2-years.

Earlier, IRFC declared its net sales at Rs 6,679.17 crore in June 2023, up 18.69% as against Rs 5,627.44 crore in June 2022. Its quarterly net profit was declared at Rs 1,556.57 crore in June 2023, down 6.32% as compared to Rs 1,661.58 crore in June 2022. The company's EBITDA surged by 18.68% to Rs 6,651.77 crore in June 2023 from Rs. 5,604.73 crore in June 2022.

2. Board Of Coal India To Announce Q2 results, Consider Interim Dividend On November 10: The board of directors of Maharatna Coal India are scheduled to hold a meeting on November 10 to consider, approve, and take on record audited financial results of the company (standalone and consolidated) for the second quarter and half year ended September 30, 2023. The company likely to consider recommendation of first interim dividend for FY 2023-24, if any, subject to approval of shareholders.

Coal India Stock Performance & Return: Last trading price of Coal India share on BSE is Rs 312.30 per share with intraday fall of 0.76% as on October 20. The stock's 52-week high price is Rs 319.55 per share and 52-week low price is Rs 207.70 per share, respectively. Coal India has a market capitalisation of Rs 1,92,462.01 crore. Coal India shares gained 36% in last 3-months, soared 39% YTD, jumped 30% in last 1-year, gained 73% in last 2-years, and offered highest rally in last 3 years with return of 175%.

3. Cochin Shipyard To Consider, Approve Q2 Results, Interim Dividend, Stock Split: Mid cap defence sector PSU, Cochin Shipyard Ltd on Friday declared that its Board will hold a meeting on November 7 to consider and approve Q2 financial year 2023-24 results, interim dividend, and sub-division of shares. Last trading price of Cochin Shipyard share on BSE is Rs 1005.45 per share with intraday fall of 1.78% as on October 20, 2023.

Cochin Shipyard Stock Outlook & Return Over Years: Last trading price of Cochin Shipyard share on BSE is Rs 1005.45 apiece. The stock's 52-week high price is Rs 1258.00 per share and 52-week low price is Rs 411.00 per share, respectively. The company has a market capitalisation of Rs 13,225.73 crore. Cochin Shipyard shares fell 6% in last 2-weeks, gained 50% in last 3-months, soared 90% in last 1-year, jumped 178% in last 2-years, and rose 214% in last 3-years.

Earlier, the defence company for quarter ended June 30, 2023 declared a rise of 135% YoY in its consolidated net profit to Rs 98.65 crore as against Rs 42 crore in the corresponding tenure of last year. Revenue from operations jumped nearly 7.9% YoY to Rs 475.9 crore for the quarter under consideration as against Rs 440.9 crore in the year-ago period.

4. NTPC To Consider Financial Results, Interim Dividend: Board of directors of NTPC will meet on October 28, 2023 to consider and approve un-audited Financial results of the company for the quarter and half year ended September 30, 2023. The company may also consider declaration of interim dividend on the equity share capital of the company for 2023-24 on October 28.

NTPC Stock Performance & Return Over Years: Last trading price of NTPC share on BSE is Rs 240.95 apiece with intraday gain of 0.69%. The stock's 52-week high price is Rs 251.50 per share and 52-week low price is Rs 161.20 per share, respectively. Its market capitalisation is Rs 2,33,641.17 crore. NTPC shares soared 25% in last 3-months, gained 42% in last 6-months, jumped 44% in last 1-year, and gained 199% in last 2-years.

Disclaimer: The stocks just 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.