ONGC vs NTPC vs Oil India: Which PSU Stock To Buy Before 4th Sept To Get Eligible For Dividend Up To Rs 3.35?

Three PSU behemoths, Oil and Natural Gas Corporation Limited (ONGC), NTPC, and Oil India, will attract market attention as the record date for dividend payments by each stock, which is September 4th, draws near. As investors seek to be eligible for the dividend payouts, the approaching deadline has brought these stocks into the public eye. In order to assist investors in comprehending the offerings and deciding which PSU stock could be the most appealing buy before the eligibility deadline of September 4th, this article explores the dividend information of each firm.

Oil India Dividend

The Board of Directors proposed the Rs 1.50 final dividend for FY25 at its meeting on May 21, 2025, and Oil India has set Thursday, September 4, 2025, as the "Record Date."

"The dividend payable on equity shares, if approved by the members will be paid to those members whose names appear on the Company's Register of Members and as per beneficial owners' position received from NSDL & CDSL as at the close of working hours on 04th September, 2025 (Record Date). The final dividend, once approved by the members in the AGM, will be paid to the eligible shareholders within the stipulated period of 30 days of declaration," said Oil India in a report.

Oil India Target Price

"Oil India is maintaining strong momentum near ₹397, with immediate support placed at ₹385. The stock's trend remains bullish, supported by sustained higher lows and favorable volume activity. RSI indicates strength, while moving averages confirm the positive bias. Resistance is visible near ₹405-410, and a breakout above this can open the way for a rally toward ₹420-425 in the short term. The technical outlook remains positive, with traders advised to maintain a buy-on-dips approach," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

NTPC Dividend

The Board of Directors of the company has recommended payment of a final dividend of Rs 3.35 per share (33.50%) on the paid-up share capital for the financial year ended 31 March 2025.

"The Company has fixed Thursday, 4th September 2025 as record date for payment of final dividend. The final dividend on equity shares, if declared at the Annual General Meeting, will be paid on Thursday, 25th September 2025 to the Members whose names appear on the Company's Register of Members on record date," said NTPC in a report.

NTPC Target Price

"NTPC continues to display resilience near ₹330, consolidating above its strong support zone of ₹320. The stock has been in a steady uptrend, supported by healthy volumes and strong RSI momentum. On the upside, resistance is placed around ₹340-345, and a breakout above these levels can trigger a rally toward ₹355-360. The price action reflects sustained buying interest, indicating a bullish setup. Overall, NTPC remains positive, and dips toward ₹320-325 can be considered good buying opportunities," commented Riyank Arora.

ONGC Dividend

In their meeting on May 21, 2025, the Board of Directors recommended a final dividend of Rs 1.25 per share for FY'25. In order to ascertain which members are eligible to receive the final dividend, ONGC has set Thursday, September 4, 2025, as the "Record Date."

ONGC Target Price

"ONGC is trading firmly around ₹236, showing signs of strength after holding above its support near ₹230. The stock has witnessed consistent accumulation, with momentum indicators such as RSI pointing toward bullish continuation. Resistance is seen at ₹242-245, and a breakout above this zone can drive the price toward ₹255. The overall structure remains constructive, with moving averages providing support. ONGC looks attractive for traders with a positive bias, and dips are likely to be bought into," commented Riyank Arora.

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