Dividend Announcement Soon: 4 PSUs, Non-PSUs Schedule Board Meet To Consider Dividend

Four leading companies are expected to consider and declare interim dividend in the month of March. Three of these companies have already fixed record date and Axtel Industries will soon intimate record date. These companies are Oil India, Bharat Dynamics, Axtel Industries, and ESAB India Ltd. These companies have already delivered multibagger returns to investors. Check details below:

1. Oil India Ltd To Consider Interim Dividend On March 8: As per the regulatory filing of the company dated February 28, 2024, "Notice is hereby given that a Board Meeting of the Company has been scheduled on Friday, 08th March, 2024, inter-alia to consider and declare Second Interim Dividend for Financial Year 2023-24, if any."
Last trading price of Oil India Ltd shares on BSE is Rs 592.50 apiece with intraday gain of 0.54%. 52-week high price of Oil India shares on BSE is Rs 630.00 apiece and 52-week low price is Rs 240.65 apiece, respectively. The company has a market capitalisation of Rs 64,251.01 crore. Oil India shares gained 91% in last 3-months, soared 117% in last 6-months, zoomed 130% in last 1-year, surged 142% in last 2-years, and offered return of 365% in last 3-years. In last 5-years, the scrip gained 232%.

2. Bharat Dynamics To Mull Interim Dividend: According to the BSE filing of the PSU dated March 1, 2024, "We wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 15th March 2024 inter-alia to consider payment of Interim Dividend for the financial year 2023-24. The Company has fixed Tuesday, 26th March 2024 as the "Record Date" for the purpose of payment of Interim Dividend on Equity Shares for the Financial Year 2023-24, if declared by the Board."

Last trading price of Bharat Dynamics shares on BSE is Rs 1847.35 apiece with intraday rally of 0.36%. The 52-week high price of Bharat Dynamics shares on BSE is Rs 1984.40 apiece and 52-week low price is Rs 879.00 apiece, respectively. The company has a market capitalisation of Rs 33,858.46 crore. Bharat Dynamics shares soared 62% in last 6-months, rallied 95% in last 1-year, zoomed 298% in last 2-years, and offered gain of 382% in last 3-years. In last 5-years, the scrip soared 545%.

3. Axtel Industries To Mull Interim Dividend: The company operates in Industrial Products industry. Axtel has scheduled its meeting of Board of Directors on March 9, 2024 to declare interim dividend for financial year 2023-24. It is yet to declare record date for interim dividend. Last trading price of Axtel Industries shares om BSE is Rs 633.90 apiece with intraday gain of 0.58%. The 52-week high price of Axtel Industries shares on BSE is Rs 850.30 apiece and 52-week low price is Rs 217.80 apiece, respectively. The company has a market capitalisation of Rs 1024.05 apiece. Axtel Industries shares offered return of 47% in last 1-year and zoomed 198% in last 1-year. In last 10-years, Axtel shares gained 8655%. In last 3-months, Axtel stock declined 8%.

4: ESAB India Ltd To Consider Interim Dividend: The company operating under industrial products industry have scheduled its meeting of Board of Directors on March 27, 2024 to consider an declare 2nd interim dividend. The record date for 2nd interim dividend has been fixed as April 5, 2024. Meanwhile, last trading price of ESAB India shares on BSE is Rs 5103.90 apiece with intraday gain of 0.70%. The company has a market capitalisation of Rs 7856.44 crore. The 52-week high price of ESAB India shares on BSE is Rs 6542.65 apiece and 52-week low price is Rs 3221.35 apiece, respectively. ESAB India shares declined 13% in last 3-months and surged 38% in last 1-year. In last 2-years, ESAB India stock soared 170% and offered return of 480% in last 5-years.

Disclaimer: The stocks highlight the 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.