Top 5 PSU Stocks Set To Trade Ex-Dividend Soon, Offer Return Up To 550% In 2-Yrs

5 leading PSU companies are all set to trade ex-dividend by November 22, 2023. Some of these government companies offered highest dividend so far. These companies include ONGC, Mazagon Dock Shipbuilders, Cochin Shipyard Ltd, Coal India, and National Aluminium Co. Ltd. Some of these companies stocks offered return up to 550% in last 2 years only. Check details below:

1. ONGC To Go Ex-Dividend On November 21, 2023 For Rs 5.75 Per Share Dividend: The maharatna large cap company approved an interim dividend of Rs 5.75 on each equity share of Rs 5. Record date for interim dividend is November 21, 2023. ONGC shares delivered return of 40% in last 1-year, and soared 176% in last 3-years. The state-run company Oil and Natural Gas Corporation Ltd on November 10 announced a growth of 142% in its consolidated net profit to Rs 16,553 crore for the Q2 of the FY 2023-24 as against Rs 6830 crore in the corresponding period of
last year.

According to the company's BSE filing issued on November 10, 2023, "Board has approved interim dividend of 115%, i.e. Rs 5.75 on each equity share of Rs 5. The total payout on this account will be Rs 7,234 Crore. The Record date for distribution of dividend has been fixed for 21 November 2023 which has been intimated to the stock exchanges."

2. Mazagon Dock Shipbuilders Declares Highest Interim Dividend of Rs 15.34/Share: Leading public sector undertaking Mazagon Dock Shipbuilders on November 8, 2023 approved an interim dividend of 153% being Rs. 15.34 per equity share aggregating to Rs. 309.39 crore for the financial year 2023-24. This is the highest dividend amount the large cap PSU defence company has declared. Earlier, its highest dividend was Rs 9.1 that it announced in November 2022. The Board has declared Monday, 20 November 2023 as the record date for reckoning eligibility of shareholders for the purpose of payment of interim dividend. The interim dividend shall be paid on or before 07, December 2023.

Last trading price of Mazagon Dock Shipbuilders share on BSE as on November 11, 2023 is Rs 1982.55 per share with intraday fall of 0.87%. The company has a market cap of Rs 39,986.05 crore. Mazagon Dock Shipbuilders shares soared 161% in last 6-months and gained 156% in last 1-year. In last 2-years, Mazagon Dock Shipbuilders stock surged 550% and gained 1049% in last 3-years.

3. Cochin Shipyard Ltd Declares 2:1 Stock Split, Rs 8/Share Dividend: Mid cap Defence sector public sector undertaking Cochin Shipyard Ltd approved 2:1 stock split and an interim dividend of Rs 8 per equity of Rs 10 each fully paid up (80%) for FY 2023-24. The record date for interim dividend is November 20, 2023. According to the BSE filing of the company issued on November 7, 2023, "Approved the sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 2 (Two) Equity Shares of face value of Rs. 5/- (Rupees Five Only) each fully paid up, subject to shareholders approval." The aforesaid interim dividend shall be paid to the eligible shareholders on or before December 06, 2023.

Last trading price of Cochin Shipyard share on BSE is Rs 1052.50 per share with intraday gain of 1.43%. The company has a market capitalisation of Rs 13,844.63 crore. Cochin Shipyard shares soared 95% in last 6-months, gained 79% in last 1-year, and offered return of 189% in last 2-years.

4. Coal India Declares 1st Interim Dividend: The large cap maharatna PSU company Coal India on November 10 issued its BSE filing pertaining to dividend announcement stating, "the Board of Directors at its meeting held on date has inter alia, declared 1st Interim Dividend for the financial year 2023-24 @ Rs. 15.25/- per share on the face value of Rs 10/- as recommended by the Audit Committee of CIL at its meeting held on date. The company has fixed Tuesday, 21st Nov' 2023 as the "Record Date" for the purpose of declaration of 1st Interim Dividend on equity shares for the Financial year 2023-24. The date of payment of "1st Interim Dividend" for FY 2023-24 shall be by 9th Dec' 2023.

Last trading price of Coal India Ltd share price on BSE is Rs 323.45 per share. Coal India stock gained 44% year-to-date and soared 28 in last 1-year. Coal India shares gained 159% in last 3-years.

5. National Aluminium Co. Ltd Declares Interim Dividend of Re 1/- per share: As per the BSE filing of the National Aluminium Co. Ltd issued on November 9, 2023, "Board of Directors in their meeting held today i.e. 09.11.2023 have approved payment of interim dividend @ Re.1/‐ per share (20% on Face value of Rs.5/‐ each) on the paid‐up equity share capital of Rs.918.32 crore for the financial year 2023‐24." The Company has fixed Wednesday, the 22nd November, 2023 as Record Date for payment of above Interim Dividend for the financial year 2023‐24 to the eligible shareholders.

The payment of interim dividend shall be made on or before 07.12.2023 to all eligible shareholders, whose names appear in the Register of Members as on Record Date.

Last trading price of NALCO share on BSE is Rs 91.37 per share with intraday gain of 1.04%. NALCO stock fell over 5% in last 1-month, soared 10% in last 6-months, and offered return of 26% in last 1-year. In last 3-years, National Aluminium Co. Ltd shares soared 170% in last 3-years.

Disclaimer: The stocks just highlight the dividends 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.