3 PSU Stocks That Fixed Record Date For Dividend In Last 1-Week

3 leading PSU companies recently fixed record date for dividend. These 3 companies are NTPC, Indian Oil Corporation Ltd (IOCL), and RITES Ltd. NTPC has fixed August 11, 2023 as the record date for final dividend, IOC has set July 28 as the record date for final dividend, and RITES fixed August 7 as the record date for first interim dividend of FY 2024. Check details below:

1. NTPC Sets Record Date For Dividend: Maharatna company NTPC Ltd on July 20 fixed August 11, 2023 as the record date for final dividend of Rs 3.00 per share.

As per the regulatory filing of the large cap power sector company date July 20, "Pursuant to the Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of disclosure dated 19'" May 2023, it is hereby informed that the Company has fixed Friday. 11'" August 2023 as Record date for the purpose of ascertaining the entitlement of Members for the Final Dividend of Rs. 3.00/- (Rupees Three only) per share (on the face value of Rs. 10/- each) on the equity shares of the Company for the financial year 2022-23 as recommended by the Board of Directors of the Company in their meeting held on 19'" May 2023."

NTPC Stock Performance & Return: Current market price of NTPC share is Rs 195.90 per share with intraday gain of 1.53%. Its 52-week high price is Rs 197.75 per share and 52-week low price is Rs 147.30 per share, respectively. NTPC shares delivered return of 30% in last 1-year, soared 65% in last 2-years, and provided 121% return in last 3-years.

2. Indian Oil Corporation Fixes Record Date For Dividend: Current market price of IOC share is Rs 99.35 per share with intraday gain of 0.56%. The Maharatna company fixed July 28, 2023 as the record date for final dividend. It declared Rs 3 per equity share on the face value of Rs 10/- each.

According to the BSE filing dated July 13, 2023, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, it is hereby informed that the Company has fixed Friday, 28" July 2023 as the "Record date" for the purpose of ascertaining the eligibility of members for payment of final dividend of Rs. 3/- (Rupees Three Only) per equity share on the face value of Rs. 10/- each for the year 2022-23."

IOC Stock Performance & Return: Indian Oil Corporation shares offered return of 27% YTD, rallied 37% in last 1-year, and gave return of 59% in last 3-years. The 52-week high price of IOC share is Rs 101.44 per share and 52-week low price is Rs 65.20 per share, respectively. Its market capitalisation is Rs 1,40,294.50 crore.

3. RITES Ltd Declares Record Date For Dividend: The miniratna company fixed August 7, 2023 as the record date for interim dividend. The company is scheduled to hold a meeting on July 28, 2023 to declare the first interim dividend for financial year 2024.

As per the regulatory filing of RITES Ltd dated July 17, 2023, "Pursuant to Regulation 29 & 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, notice is hereby also given that in the said meeting Board may consider payment of first Interim Dividend, for the F.Y 2023-24, if any. The Company has fixed Monday, August 07, 2023 as the Record date for the purpose of payment of first Interim Dividend for the F.Y 2023-24, if declared by the Board."

RITES Stock Outlook & Return: Current market price of RITES share is Rs 461.55 per share. Its 52-week high price is Rs 464.00 per share and 52-week low price is Rs 244.90 per share, respectively. The mid cap company has a market capitalisation of Rs 11,091.13 crore. In last 1-year, RITES shares delivered 85% return and 196% return in last 5-years.

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