3 leading companies engaged in railway sector will soon remain in the spotlight. Two of them will consider their financial results along with dividend while one has already recommended dividend. These companies are IRCON International Ltd, Indian Railway Catering and Tourism Corporation Ltd (IRCTC), and BEML Ltd. These stocks witnessed decline in last few months because of no big announcement from the Finance Minister Nirmala Sitharaman in last year and just concluded budget. Meanwhile, several analysts were anticipating up to 20% hike in the budgetary allocation from the FM for the railway sector. It led to steep fall in these stocks. Check details below:
BEML Shares Set To Trade Ex-Dividend
Last trading price of BEML share on Bombay Stock Exchange (BSE) stood at Rs 3132.55 per share with intraday decline of 4.55% as on February 7, 2025. The company has a market capitalisation of Rs 13,045.35 crore. Its return on equity (ROE) is 10.31%. The stock declined 18.49% in last 1-week only, slipped 15.09% in last 1-year, and gained 128.71% in last 2-years.
The company recommended an interim dividend of Rs 5/- per equity share of the face value of Rs 10/- each for the financial year 2024-25. The company fixed February 14, 2025 as the record date for interim dividend.
IRCON International To Trade Ex-Dividend On February 17
The last trading price of IRCON International Ltd shares on BSE is Rs 189.00 per share. Its market capitalisation stood at Rs 17,775.75 crore and ROE at 14.09%. IRCON International shares witnessed correction of 14.69% in last 1-week, fell 17.79% in last 1-year, and gained 233.04% in last 2-years. In last 3-years, IRCON International share offered return of 321.40%.
Board of Directors of the company will hold meeting on Feb 11, 2025 to consider financial results and interim dividend, if any for the FY2024-25. The record date for interim dividend is February 17, 2025.
IRCTC Shares To Go Ex-Dividend On Feb 20, 2025
Last trading price of Indian Railway Catering and Tourism Corporation Ltd shares on BSE stood at Rs 774.20 per share. The company has a market cap of Rs 61,936.00 crore. It offers impressive ROE of 34.05%, highest than the 2 companies mentioned above.
IRCTC shares slipped over 5% in last 1-week, fell 16.84% in last 6-months, and gained 21.70% in last 2-years.
The Board of IRCTC will hold meeting on February 11, 2025 to consider financial results and 2nd interim dividend. The company fixed Feb 20 as the record date for interim dividend, if declared by the Board.
How To Be Eligible For The 3 companies’ Dividends?
Shareholders whose name appear in companies’ shareholders record on the record date will become eligible for the dividend. Record date is the date when the firm finalises list of shareholders eligible for the company’s dividend distribution. The record date for BEML is February 14, record date for IRCON’ dividend is Feb 17, and for IRCTC the date is Feb 20. Therefore, shareholders should buy (after consulting with the SEBI registered investment advisor) shares of these firms before the record date to become eligible for their dividends.
Disclaimer
The story highlights dividends and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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