From Bharat Dynamics To NALCO: Top 4 Upcoming Dividend Paying PSU Stocks With Record Date On Sep 19

D-Street will be active during the dividend-centric week since four PSU companies will be paying dividends. Here we are talking about dividend-paying PSU stocks like Mazagon Dock Shipbuilders, Bharat Dynamics, National Aluminium Company and NLC India. The 4 PSU giants are coming soon with their respective payouts, but the one thing common in them is the record date, which is falling on 19 September 2025 as per BSE data. This article covers the brief details of the dividend payout of the 4 PSU stocks and their trading strategy as guided by an analyst.

Mazagon Dock Shipbuilders

Dividend type: Rs 2.71 final dividend for the financial year 2024-25.

Record date: 19 Sep 2025

Ex-date: 19 Sep 2025

Mazagon Dock Shipbuilders Target Price

"Mazagon Dock has been consolidating gains after its strong rally, with key support at ₹2,900. Holding this base keeps the medium-term outlook bullish. A breakout above ₹3,050 could trigger momentum towards ₹3,150-3,200. The defense sector tailwinds and strong order book visibility continue to aid sentiment. Indicators suggest consolidation before the next up-move, and traders may look to accumulate near support for upside participation," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Bharat Dynamics

Dividend type: Rs 0.65 final dividend for the financial year 2024-25.

Record date: 19 Sep 2025

Ex-date: 19 Sep 2025

Bharat Dynamics Target Price

"Bharat Dynamics shows a steady bullish structure with immediate support at ₹1,580. Sustaining above this level could push the stock towards ₹1,680-1,700 in the near term. The defense theme continues to support valuations, and improving delivery volumes add to optimism. Momentum indicators reflect healthy strength, indicating dips are likely to be bought into. As long as ₹1,580 holds, the overall outlook stays positive," commented Riyank Arora.

National Aluminium Company

Dividend type: Rs 2.50 final dividend for the financial year 2024-25.

Record date: 19 Sep 2025

Ex-date: 19 Sep 2025

NALCO Target Price

"NALCO is trading firmly, holding support near ₹210. The stock is well-placed to extend its uptrend towards ₹222-225 if strength sustains. Positive cues from aluminum prices and robust demand outlook provide fundamental backing. Momentum indicators remain in favor of bulls, and accumulation is visible on declines. A breach below ₹210 could invite temporary weakness, but overall structure suggests strength with buy-on-dips strategy favored," said Riyank Arora.

NLC India

Dividend type: Rs 1.50 final dividend for the financial year 2024-25.

Record date: 19 Sep 2025

Ex-date: 19 Sep 2025

NLC India Target Price

"NLC India remains positive, holding steady above its crucial support at ₹250. Momentum is building up, and a breakout above ₹265 could trigger fresh upside towards ₹275. The stock is witnessing higher delivery volumes, signaling long-term investor interest. Technical indicators point to consolidation with a positive bias. As long as ₹250 support is respected, the short to medium-term outlook remains bullish," recommended Riyank Arora.

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