PSU Stocks Dividend in March 2024
In March 2024, many PSU companies, such as Bharat Electronics Limited, Power Finance Corporation Limited, REC Limited, Bharat Dynamics, and Oil India, have declared their plans to pay dividends to investors. Dividends are like rewards given by a company to its investors for investing in their business. They’re usually paid in cash from the company’s profits.
PSU Stocks Dividend Highlights
Bharat Dynamics Limited PSU Stocks Dividend 2024
Bharat Dynamics creates underwater guided weapons. They initially set March 26, 2024, as the record date for dividends but changed it to April 2, 2024. The company will discuss giving dividends for the fiscal year 2023-24 on March 15. Shareholders as of the new record date will be eligible to receive the dividend if approved.
Oil India Limited PSU Stocks Dividend 2024
Oil India Limited is giving a big dividend of 85% for the financial year 2023-24. That means Rs 8.50 for each share worth Rs 10. The record date for this is March 18. They’ll pay this dividend by April 7, as per their announcement in a filing with the stock exchange.
Bharat Electronics Limited PSU Stocks Dividend 2024
Bharat Electronics Limited will have a meeting with its board of directors on March 15 (Friday) to talk about giving out another dividend for the financial year 2023-24. This meeting is happening according to the rules set by SEBI(LODR) Regulations, 2015. In a filing to the stock exchange on March 7, the company mentioned that they’ll be discussing the declaration of a second interim dividend.
Bharat Electronics Limited has informed the Exchange that Record date for the purpose of second interim dividend is 23-Mar-2024. Earlier this year, the company announced a big 70% dividend payment per stock, which means Re 0.70 for each share with a face value of Re 1 for the financial year 2023-24. BEL is part of the S&P BSE 100 index.
Power Finance Corporation Limited PSU Stocks Dividend 2024
Power Finance Corporation Limited will meet on March 11 (Monday) to discuss giving out another dividend for the financial year 2023-24. The company typically pays 2.70 percent as an annual dividend. It’s part of the S&P BSE 100 index. According to a company statement, “We’re following Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Our Board of Directors will meet on Monday, March 11, 2024, to discuss possibly giving out the 3rd Interim Dividend for the financial year 2023-24.”
REC Limited PSU Stocks Dividend 2024
REC Limited is planning to have a meeting with its Board of Directors on March 16. They will discuss giving out another dividend for this year. Last month, the company already gave out a dividend of Rs 3.25 per share. And earlier, they gave out dividends in Jul 14, 2023, one of Rs 4.35, one of Rs 3, and another of Rs 3.50.
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