Dividend Paying PSU Stocks: ONGC vs HUDCO; Which Stock To Buy For Upcoming Payout?

Income-seeking investors have an eye on both PSU stocks because they are two significant players in their respective industries: Housing & Urban Development Corporation (HUDCO) in housing finance and Oil & Natural Gas Corporation (ONGC) in the energy sector. Both companies recently announced interim dividends along with Q2FY26 results. Which stock should you buy right now to be eligible for the upcoming dividend payout? This article analyzes the financial situation, dividend details, and outlook of ONGC and HUDCO to assist you in making this decision.

Housing and Urban Development Corporation (HUDCO) Dividend

The Board of Directors have considered and approved "Declaration of 2nd Interim Dividend of Re. 1/- per equity share i.e., @ 10% (subject to deduction of TDS) on the face value of Rs.10/- each, for the Financial Year 2025-26 and fixation of Wednesday, 19th November, 2025 as Record date for reckoning eligibility of shareholders for the purpose of payment of 2nd Interim Dividend. The process of payment of Interim Dividend will be completed within 30 days of its declaration," said HUDCO in a stock exchange filing.

HUDCO Q2 Result Highlights

For the quarter that ended in September 2025, HUDCO recorded a 3% year-on-year growth in net profit at Rs 709.8 crore, up from Rs 688.6 crore during the same period in the previous year. Net interest income (NII) increased from Rs 797 crore in Q2 FY25 to Rs 1,050 crore, a 31.8% year-on-year growth.

For the half-year that concluded in September 2025, HUDCO recorded a net profit of Rs 1,340.06 crore, increasing 7.51% from Rs 1,246.37 crore during the same time the previous year. With a net non-performing assets (NNPA) of 0.07% and a gross non-performing assets (GNPA) ratio of 1.21%, HUDCO maintained strong asset quality.

HUDCO Target Price

"HUDCO is witnessing profit-booking after a sharp rally, facing resistance near ₹230. Momentum indicators show weakening strength, and a close below ₹222 may trigger further downside toward ₹215-₹210. The trend appears negative in the near term; traders should avoid fresh longs and consider selling on minor rises," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Oil and Natural Gas Corporation (ONGC) Dividend

"The Board of Directors has declared 1st Interim dividend at the rate Rs 6 per equity share of face value of Rs 5/- each i.e. @120% for the Financial Year 2025-26. As informed vide letter dated 30.10.2025, Friday, the 14th November, 2025 has been fixed as "Record Date" for determining eligibility of shareholders for payment of 1st Interim Dividend. Dividend would be paid within 30 days from the date of declaration," said ONGC in a regulatory filing.

ONGC Q2 Result Highlights

According to a statement from ONGC, the company's second-quarter net profit for the 2025-2026 fiscal year fell by 18% to Rs 9,848 crore from Rs 11,984 crore during the same period last year. Crude oil prices dropped from $78.33 per barrel in Q2 of FY25 to $67.34 in the current fiscal year, according to PTI, which was the main cause of India's largest oil explorer's profit drop.

Consolidated total revenue, however, dropped by 0.9% to Rs 1,57,911 crore. Consolidated net profit increased 23.2% to Rs 24,169 crore for the half-year period (H1 FY26).

ONGC Target Price

"ONGC is showing signs of exhaustion after repeated rejections near ₹252. The stock has slipped below short-term moving averages, with RSI turning bearish. Sustaining below ₹245 could invite further pressure toward ₹238-₹235. Overall tone remains weak; rallies toward ₹250 are likely to face selling pressure," commented Riyank Arora.

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