Two Maharatna PSU Stocks Likely To Announce Dividend Next Week To Reward Shareholders, Get Details Here

PSU Dividend Stocks: The state-owned companies - GAIL (INDIA) LTD, and NTPC LTD. are likely to reward their shareholders next week as the PSU may announce an interim dividend for the financial year 2024 in February 2024. Both, GAIL (INDIA) LTD, and NTPC LTD have also announced the record date for this purpose.

If the dividend is announced, shares of - GAIL (INDIA) LTD, and NTPC LTD. will trade ex-dividend next week. 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. Shares of Maharatna company GAIL India last closed 0.39% higher at Rs 165.40 per share on bse. The stock traded at a new 52-week high value of 171.80 on January 20, 2024. Shares of both GAIL India and NTPC LTD will trade ex-dividend on 06 Feb 2024.

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 42.04% in the last six months, while the stock is up 63.76% in the last one year. The last 2-year and 3-year returns from Gail India shares have gained 72.56% and 86.45% respectively.

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 56.92% in the last six months. The stock's last 2-year, 3-year, and 5-year returns have gained 132.88%, 238%, and 173.31% respectively.