PSU Dividends: President of India Backed Stock, Railway, Defence PSUs Set To Go Ex-Dividend

3 public sector undertakings are all set to trade ex-dividend tomorrow. These stocks are Rail Vikas Nigam Ltd, Bharat Dynamics, and Cochin Shipyard. It is worth mentioning that President of India has 74.93% stake in Bharat Dynamics with 274,651,054 shares of the company as of June 2024. All these stocks delivered multibagger returns to shareholders. Check details below:

1. RVNL Shares To Trade Ex-Dividend: Rail Vikas Nigam Ltd shares will trade ex-dividend on September 23, 2024. The company fixed September 23 as the record date for final dividend of Rs 2.11 per share. As per the May 17 BSE filing of RVNL, the board recommended a final dividend of Rs 2.11 per share (i.e. 2 1.10%) on the paid-up equity share capital for the financial year 2023-24.

Life insurance corporation of India (LIC) has 6.44% stake in RVNL as of June 2024. Meanwhile, the railway PSU is expected to hold its Annual General Meeting (AGM) on September 30, 2024. The PSU market capitalisation stood at Rs 1,13,477.22 crore.

RVNL Shares Performance: The 52-week high price of RVNL share on BSE is Rs 647.00 per share (as on 15/07/2024) and 52-week low price is Rs 129.90 per share (as on 26/10/2023), respectively. RVNL share witnessed rally of 199% year-to-date, soared 233% in last 1-year, and gained 1672% in last 3-years. In last 5-years, Rail Vikas Nigam Ltd shares surged 2139%.

2. Bharat Dynamics Shares To Go Ex-Date: The President of India backed stock is all set to trade ex-dividend on September 23, 2024. As per the exchange filing of BDL dated May 30, 2024, "the Board of Directors of the Company have recommended a final Dividend @ Rs 0.85 per share (face value of Rs.5/-each) for the year ended 31.03.2024. This Dividend upon approval by the shareholders at the ensuing Annual General Meeting (AGM) will be paid within 30 days from the date of AGM."

Bharat Dynamics Shares Performance: Last trading price of BDL shares on BSE is Rs 1150.35 per share as on September 20, 2024. The 52-week high price of Bharat Dynamics Ltd shares on BSE 1794.70 per share (as on 05/07/2024) and 52-week low price is Rs 450.50 per share (as on 25/10/2023), respectively. Bharat Dynamics has a market capitalisation of Rs 42,167.52 crore. Bharat Dynamics shares slipped 26% in last 3-months, gained 42% in last 6-months, and offered eye-catching returns of 121% in last 1-year. In last 3-years, BDL shares zoomed 494%.

Cochin Shipyard Shares To Hit Ex-Date: Cochin Shipyard will go ex-dividend for final dividend of Rs 2.25 per share on September 23 as well. Cochin Shipyard on May 24 issued BSE filing stating, "Board has recommended a final dividend of Rs. 2.25 per equity share of face value of Rs. 5 each, for the financial year 2023-24 subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. The final dividend would be paid within 30 days from the date of its declaration at the AGM."

Cochin Shipyard Shares Performance: The 52-week high price of the defence PSU is Rs 2977.10 per share (08/07/2024) and 52-week low price is Rs 435.75 apiece (26/10/2023), respectively. Its market capitalisation is Rs 48,579.18 crore. Cochin Shipyard Ltd shares declined 17% in last 3-months, 110% in last 6-months only, zoomed 170% year-to-date, and rallied 246% in last 1-year only. Cochin Shipyard stock offered attractive returns of 782% in last 2-years. In last 3-years, Cochin Shipyard Ltd shares rose 902%. Cochin Shipyard shares hit upper circuit on September 20, 2024.

Disclaimer: The stocks just highlight 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.