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Dividend Bonanza: 10 Indian Firms Announce Payouts
17 Feb
Summary
- Multiple Indian companies announced interim dividends this week.
- Record dates for payouts are mostly in mid-to-late February.
- Dividend payments are expected to be credited by mid-March.
Investors are keenly observing dividend announcements as numerous Indian corporations release their third-quarter financial results. This week alone, companies such as Coal India, Hindustan Aeronautics, ONGC, IRCTC, and Torrent Pharmaceuticals have declared interim dividends.
For instance, Coal India will issue its third interim dividend of Rs 5.5 per equity share, with a record date of February 18 and payment by March 13. Hindustan Aeronautics declared a Rs 25 per share interim dividend, also with a February 18 record date and payout by March 14.
Other notable payouts include Oil India's Rs 7 per share dividend, ONGC's Rs 6.25 per share, and Precision Wires India's Rs 0.35 per share, all with a February 18 record date and expected payouts in March. Torrent Pharmaceuticals is set to pay Rs 29 per share with a February 19 record date, with payments around March 6.
Further announcements come from Alkem Laboratories (Rs 43 per share, record date February 20, payout from March 6), IRCTC (Rs 3.5 per share, record date February 20, payout by March 14), Power Finance Corporation (Rs 4 per share, record date February 20, payout by March 6), and SJVN (Rs 1.15 per share, record date February 20, payout by March 30).
