Today is an important day for investors in government-owned companies like ONGC, Power Grid Corporation of India, GAIL (India), and Garden Reach Shipbuilders & Engineers (GRSE). These companies have set February 7 as the record date to figure out who gets their dividend payments. If you want to receive these dividends, you need to buy the stocks today. This is the last chance!
Dividends are money paid to shareholders and can only go to those whose names are on the company’s list by the record date. To qualify, you must buy the shares before the ex-dividend date, which is usually one day earlier since trades are settled the next day.
Here are the key details:
– ONGC: This company announced a second interim dividend of Rs 5 for each share for the financial year 2024-25. In the past year, ONGC paid a total of Rs 12.50 per share in dividends. With a share price of Rs 262.50, the dividend yield is 4.76%.
– Power Grid: They declared a dividend of Rs 3.25 per share. In the last year, Power Grid has given out a total of Rs 11.75 per share in dividends, making their yield 4.09% with a share price of Rs 287.15.
– GAIL (India): This company announced a dividend of Rs 6.50 per share. Over the past year, they’ve distributed a total of Rs 5.50 per share. Based on a share price of Rs 179.43, their yield is 3.07%.
– Garden Reach Shipbuilders & Engineers (GRSE): GRSE declared an equity dividend of Rs 8.95 per share. In the last year, they paid out Rs 9.36 per share in dividends. With the current share price of Rs 1,528.35, their yield stands at 0.61%.
Remember, today is your final chance to buy these shares if you want to earn those dividends!
(Disclaimer: The opinions expressed here are those of the experts and do not necessarily reflect the views of NiftyStat.)
Leave a Reply