GAIL, NTPC Shareholders Alert: PSU Stocks Likely To Announce Dividends Today; Record Date Out

Two Maharatna PSU stocks - GAIL and NTPC Ltd are likely to announce dividends today (January 29). Shares of - GAIL (INDIA) Ltd, and NTPC Ltd. will trade ex-dividend this week if the respective Board of Directors of the two companies announce any interim interim dividend in their meeting due today (Monday). The two state-owned PSUs have fixed February 6, 2024, as the record date for the purpose of payment of Interim Dividend, if so approved by the Board.

Today, the GAIL Board of Directors will meet to consider the Un-Audited Financial Results for the Quarter ended 31st December 2023 and recommendation for payment of Interim Dividend for FY 2023-24.

Likewise, the Board of Directors of NTPC Ltd is also scheduled to meet on Monday (January 29, 2024) to, inter-alia, consider, approve, and take on record the Un-audited Financial Results of the Company for the quarter and the nine-months period ended December 31, 2023, after these results are reviewed by the Audit Committee of the Board.

"Second Interim dividend on the equity share capital of the Company for the year 2023-24 may also be, inter-alia, considered in the same Meeting of the Board of Directors," the company said in an exchange filing on January 19, 2024.

The ex-dividend date is the day the stock starts trading without carrying the value of its next dividend payment. An investor who buys the stock on its ex-dividend date or later is not be eligible to receive the declared dividend. GAIL India shares were spotted trading 0.30% higher at Rs 165.90 per share at 9:21 am IST today. The stock last closed 0.39% higher at Rs 165.40 per share on BSE. Meanwhile, shares of NTPC Ltd traded 0.91% higher at Rs 317.70 per share at 9:22 am IST today.

Gail Interim Dividend 2024:

In an exchange filing on January 18, 2024, the company said, "A meeting of the Board of Directors of the Company is scheduled to be held on Monday, 29th January 2024 to, inter-alia, consider the Un-Audited Financial Results for the Quarter ended 31st December 2023 and recommendation for payment of Interim Dividend for FY 2023-24."
The company further added, "For the purpose of payment of Interim Dividend, if so approved by the Board, the "Record Date" will be Tuesday, 06th February, 2024."

GAIL Interim Dividend - Record Date

If approved, the company has fixed February 6, 2024, as the record date for the purpose of identifying eligible shareholders.

Gail share price performance:

Shares of Gail India have gained 41.43% in the last six months, while the stock is up 67.68% in the last one year. The last 2-year and 3-year returns from Gail India shares have gained 75.72% and 98.67% respectively.
Dividend history for GAIL (India) Ltd.

According to Tredlyne Data, GAIL (India) Ltd. has declared 47 dividends since Sept. 3, 2001. In the past 12 months, GAIL (India) Ltd. has declared an equity dividend amounting to Rs 4.00 per share. At the intraday share price of Rs 165.40, GAIL (India) Ltd.'s dividend yield is 2.42%.

NTPC Ltd:

Shares of NTPC Ltd last closed 1.84% at Rs 314.85 per share. In an exchange filing on January 19, the company said "A meeting of the Board of Directors of the Company is scheduled to be held at New Delhi on Monday, 29 January 2024 to, inter-alia, consider, approve and take on record the Un-audited Financial Results of the Company for the quarter and nine-months period ended December 31, 2023 after these results are reviewed by the Audit Committee of the Board. Second Interim dividend on the equity share capital of the Company for the year 2023-24 may also be, inter-alia, considered in the same Meeting of the Board of Directors."

NTPC Ltd interim dividend record date:

The company has fixed Tuesday, February 6, 2024, as the "RECORD DATE' for the purpose of ascertaining the eligibility of the shareholders for payment of the second interim dividend, if declared by the Board.

NTPC Ltd share price performance:

NTPC shares have gained 51.21% in the last six months. The stock's last 2-year, 3-year, and 5-year returns have gained 126.50%, 256.40%, and 175.15% respectively.

Dividend history for NTPC Ltd.

According to Trendlyne data, NTPC Ltd. has declared 41 dividends since Feb. 25, 2005. In the past 12 months, NTPC Ltd. has declared an equity dividend amounting to Rs 9.50 per share.