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HomeMarket NewsPSU dividend: Two state-run companies set to reward shareholders in the next seven days
Shares of IRCON ended 1.84% lower at ₹191.94, while Oil India shares closed 2.55% higher at Rs 404.85 on Tuesday.
By Meghna Sen February 4, 2025, 6:52:40 PM IST (Published)
State-run Ircon will declare a second interim dividend for the financial year 2024-25. The company's board will held a meeting regarding the same on Friday, February 7, 2025. Record date for the said dividend has been fixed as Monday, February 17.
Ircon has declared 30 dividends since July 30, 2002.
In the past 12 months, the company has declared an equity dividend amounting to ₹3.10 per share.
At the current share price of ₹192, Ircon 's dividend yield is 1.61%.
Meanwhile, Oil India Ltd. will also declare its second interim dividend on February 7, 2025, for the financial year 2024-25.
The Maharatna PSU has declared 37 dividends since February 10, 2010. In the past 12 months, the company has declared an equity dividend amounting to ₹14 per share.
At the current share price of ₹405, Oil India's dividend yield is 3.45%. Adjusting for bonus and splits, the dividend yield is 2.75%.
Last year, Oil India had issued one bonus shares for every two shares held by the shareholders.
Shares of Ircon ended 1.84% lower at ₹191.94, while Oil India shares closed 2.55% higher at Rs 404.85 on Tuesday.
