Top 6 PSUs To Trade Ex-Dividend Today, Are You Eligible?

Six leading PSUs recommended attractive dividends in last few days. The shares of these state-run companies will go ex-dividend today. These firms are REC Ltd, National Aluminium Co. Ltd. (NALCO), MSTC Ltd, Engineers India Ltd., BEML Ltd, and Bharat Dynamics Ltd. Shares of some of these PSUs delivered impressive returns to their shareholders. Some of these stocks are backed by Life Insurance Corporation (LIC). Check more details pertaining to these stocks below:

1. REC Ltd

Board of Directors of Maharatna REC on February 6, 2025 recommended 3^rd interim dividend of Rs 4.30/- 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 the interim dividend. The interim dividend shall be paid/ dispatched on or before March 6, 2025 to those shareholders, whose names appear (i) as beneficial owners in the statement(s) furnished by the depository(ies) as on the close of business hours on February 14, 2025 in respect of shares held in electronic form; and (ii) as members in the register of members on February 14, 2025 in respect of physical shares.”

Meanwhile, last trading price of REC shares on BSE stood at Rs 409.50 per share with marginal intraday gain of 0.32%. The PSU has a market cap of Rs 1,07,830.52 crore. The ROE of REC shares is 21.25%. REC Limited share price declined 28.07% in last 6-months, tumbled 11.98% in last 1-year, and surged 259.21% in last 2-years. LIC stake in REC stood at 1.35%.

2. National Aluminium Co. Ltd.

According to the exchange filing of the PSU dated Feb 10, 2025, “the Board of Directors in their meeting held today i.e. 10.02.2025 have approved payment of 2nd Interim dividend @ Rs.4/‐ per share (80% on Face value of Rs.5/‐ each) on the paid‐up equity share capital of Rs.918.32 crore for the financial year 2024‐25.” The Company has fixed Friday, the 14th February, 2025 as Record Date for payment of above 2nd Interim Dividend for the financial year 2024‐25 to the eligible shareholders.” The payment of interim dividend shall be made on or before 10.03.2025.

NALCO share price on BSE on Feb 13, 2025 stood at Rs 191.45 per share. Its market cap is Rs 35,162.32 crore and ROE is 26.88%. Life Insurance Corporation Of India – P & Gs Fund has 4.02% stake in NALCO. In last 3-months, NALCO shares declined 12.90%, gained 34.82% in last 1-year, and offered return of 142.80% in last 2-years.

3. MSTC Ltd

The company on Feb 10, 2025 declared 2nd Interim Dividend @ 320% i.e. Rs. 32 per equity share of face value of Rs.10 /- each for the financial year 2024-25. The record date is Feb 14, 2025. This is the highest ever dividend by the PSU.

Miniratna public sector undertaking MSTC Ltd share price on BSE stood at Rs 601.00 apiece. Its market cap is Rs 4,231.04 crore and ROE is 49.80%. MSTC shares offered return of 1.81% in last 1-week, slipped 11.52% year-to-date (YTD), and gained 108.75% in last 2-years.

4. Engineers India Ltd

The PSU recommended an interim dividend of Rs 2/- per share on the face value of Rs 5/- each of the company for the financial year 2024-25. The company fixed Feb 14, 2025 as the record date for the above interim dividend.

Last trading price of Engineers India shares on BSE stood at Rs 165.95 per share. The company’s market cap today stood at Rs 9383.30 crore. Stake of PSU insurer Life Insurance Corporations of India (LIC) stood at 2.55% in Engineers India. Engineers India offers a return of equity (ROE) of 11.55%. Engineers India shares slipped 24.03% in last 6-months and offered return of 113.5% in last 2-years.

5. BEML Ltd

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.

Last trading price of defence PSU BEML Ltd shares on BSE stood at 2937.40 per share. The market cap of the PSU stood at Rs 12,232.66 crore with ROE at 10.31%. In last 6-months, BEML shares dived 23.36%, gained over 6% in last 1-year, and rallied 112.03% in last 2-years.

6. Bharat Dynamics Ltd

The President of India backed stock (74.93% stake in BDL) will trade ex-dividend tomorrow. The aerospace and defence compnay on Feb 6, 2025 recommended an interim dividend of Rs 4 per share of the face value of Rs 5/- each for the FY 2024-25.

Last trading price of Bharat Dynamics Ltd share on BSE is Rs 1167.70 per share. The market capitalisation of the PSU is Rs 42,803.50 crore. Its ROE is 15.16%. In last 3-months, BDL shares surged 19.20% and soared 47.26% in last 1-year. It zoomed 416.04% in last 3-years and 750% in last 5-years.

LIC’s stake in BDL stood at 2.30%.

What Is Ex-Dividend Date?

Ex-dividend date confirms which shareholders will be eligible to receive dividend of the company on that particular date. It is the day when the share of the firm goes ex-dividend.

How To Be Eligible For Dividend?

Record date plays key role in deciding shareholders’ eligibility for dividend. Shareholders whose name reflects in company’s record on the record date will become eligible for dividend. Record date is the date when the firm finalises list of shareholders qualified for the company’s dividend distribution. In the case of aforementioned stocks, the record date has been fixed as February 14, 2025. Therefore, shareholders must buy the above stocks (only after taking SEBI’s registered advisor’s advice) as on the record date to become eligible for their dividends.

Disclaimer: The story highlights dividends and should not be considered as investment awdvice 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.