Source: LIVEMINT
Dividend Stocks: RVNL, IRCON, ONGC, InterGlobe Aviation and National Aluminium Company Limited (NALCO) are among the five key stocks that declared dividends with Q4 results on Wednesday, May 21.
Rail Vikas Nigam Limited - For the fiscal year 2024–2025, RVNL has recommended a final dividend of ₹1.72/-per share (17.20% considering the face value of ₹10 per share), subject to shareholder approval at the subsequent Annual General Meeting (AGM).
After being approved at the AGM, the final dividend recommended by RVNL will be paid out within 30 days.
IRCON International Ltd- IRCON's board has recommended, subject to shareholder approval at the company's subsequent Annual General Meeting, a final dividend of ₹1.00 per equity share of face value of Rs.2/-each (50% of the paid-up equity share capital) to be paid out for the fiscal year 2024–2025.
Within 30 days following the date of its announcement at the AGM, the final dividend will be paid.
Oil and Natural Gas Corporation Ltd (ONGC)- Subject to shareholder approval at the subsequent AGM, the Board of Directors of Oil and Natural Gas Corporation Limited (ONGC) recommended a final dividend of ₹1.25 per equity share (25% of face value of ONGC shares) for the fiscal year 2024–2025.
This is above ₹6 per share (120%) first interim dividend announced on November 11, 2024, and the ₹5 per share (100%) second interim dividend announced on January 31, 2025.
With a record payout of ₹15,411 crore, this raises the total dividend for FY'25 to 245% ( ₹12.25 per share), maintaining the highest total dividend ever announced by the company and demonstrating ONGC's attempt to provide value to its shareholders.
InterGlobe Aviation Limited- A dividend of ₹10 per equity share with a face value of ₹10 is suggested, pending approval by the company's shareholders at the next Annual General Meeting. The dividend announced comes to 100%, considering the dividend announced by IndiGo and the face value of InterGlobe Aviation shares.
After the announcement at the next AGM, the dividend payment will be finished within 30 days, as per InterGlobe Aviation.
National Aluminium Company Limited- A dividend of ₹10 (100% considering the face value of the share) each equity share with a face value of ₹10 was recommended by NALCO, pending approval by the company's shareholders at the next Annual General Meeting.
After the announcement at the next AGM, the dividend payment will be made within 30 days.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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